Nektar Therapeutics’s recently made public that its Chief R&D Officer Zalevsky Jonathan unloaded Company’s shares for reported $8788.0 on Aug 19 ’24. In the deal valued at $1.28 per share,6,866 shares were sold. As a result of this transaction, Zalevsky Jonathan now holds 250,804 shares worth roughly $0.33 million.
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Then, Wilson Mark Andrew sold 5,651 shares, generating $7,233 in total proceeds. Upon selling the shares at $1.28, the Chief Legal Officer now owns 225,263 shares.
Before that, ROBIN HOWARD W sold 14,881 shares. Nektar Therapeutics shares valued at $19,048 were divested by the President & CEO at a price of $1.28 per share. As a result of the transaction, ROBIN HOWARD W now holds 848,358 shares, worth roughly $1.13 million.
Piper Sandler initiated its Nektar Therapeutics [NKTR] rating to an Overweight in a research note published on November 04, 2024; the price target was $7. Rodman & Renshaw began covering NKTR with “Buy” recommendation on June 28, 2024.
Price Performance Review of NKTR
On Monday, Nektar Therapeutics [NASDAQ:NKTR] saw its stock jump 8.13% to $1.33. Over the last five days, the stock has lost -2.21%. Nektar Therapeutics shares have risen nearly 135.40% since the year began. Nevertheless, the stocks have risen 169.18% over the past one year. While a 52-week high of $1.93 was reached on 05/13/24, a 52-week low of $0.41 was recorded on 01/18/24. SMA at 50 days reached $1.2820, while 200 days put it at $1.1922.
Levels Of Support And Resistance For NKTR Stock
The 24-hour chart illustrates a support level at 1.2400, which if violated will result in even more drops to 1.1500. On the upside, there is a resistance level at 1.4450. A further resistance level may holdings at 1.5600. The Relative Strength Index (RSI) on the 14-day chart is 51.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0914, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.33%. Stochastics %K at 22.56% indicates the stock is a holding.
How much short interest is there in Nektar Therapeutics?
A steep rise in short interest was recorded in Nektar Therapeutics stocks on 2024-10-15, dropping by -1.73 million shares to a total of 6.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.76 million shares. There was a decline of -28.61%, which implies that there is a negative sentiment for the stock.
