MeiraGTx Holdings plc’s filing revealed that its Director PERCEPTIVE ADVISORS LLC acquired Company’s shares for reported $5.0 million on Aug 12 ’24. In the deal valued at $4.00 per share,1,250,000 shares were bought. As a result of this transaction, PERCEPTIVE ADVISORS LLC now holds 12,531,103 shares worth roughly $77.94 million.
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A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. Piper Jaffray started covering the stock on September 03, 2019. It rated MGTX as “an Overweight”.
Price Performance Review of MGTX
On Tuesday, MeiraGTx Holdings plc [NASDAQ:MGTX] saw its stock jump 4.36% to $6.22. Over the last five days, the stock has gained 6.32%. MeiraGTx Holdings plc shares have fallen nearly -11.40% since the year began. Nevertheless, the stocks have risen 17.36% over the past one year. While a 52-week high of $7.60 was reached on 01/02/24, a 52-week low of $3.85 was recorded on 09/03/24. SMA at 50 days reached $4.69, while 200 days put it at $5.12.
Levels Of Support And Resistance For MGTX Stock
The 24-hour chart illustrates a support level at 5.94, which if violated will result in even more drops to 5.66. On the upside, there is a resistance level at 6.37. A further resistance level may holdings at 6.52. The Relative Strength Index (RSI) on the 14-day chart is 71.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.09%. Stochastics %K at 69.67% indicates the stock is a holding.
How much short interest is there in MeiraGTx Holdings plc?
A steep rise in short interest was recorded in MeiraGTx Holdings plc stocks on 2024-10-15, dropping by -0.17 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.95 million shares. There was a decline of -9.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 27, 2019 when Chardan Capital Markets resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.
