Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Essa Pharma Inc shares valued at $12,018,409 were sold by BIOTECH GROWTH N V on Nov 01 ’24. At $1.53 per share, BIOTECH GROWTH N V sold 7,879,583 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Virsik Peter sold 694 shares, netting a total of over 4,185 in proceeds. Following the sale of shares at $6.03 each, the insider now holds 7,776 shares.
Before that, Virsik Peter had sold 694 shares from its account. In a trade valued at $4,164, the Chief Operating Officer traded Essa Pharma Inc shares for $6.00 each. Upon closing the transaction, the insider’s holdings decreased to 694 shares, worth approximately $14483.699999999999.
As published in a research note from Piper Sandler on November 04, 2024, Essa Pharma Inc [EPIX] has been rated down from an Overweight to a Neutral and the price target has been revised to $2 from $15. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early November. As of November 04, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for EPIX.
Analyzing EPIX Stock Performance
During the last five days, there has been a drop of approximately -67.61%. Over the course of the year, Essa Pharma Inc shares have dropped approximately -74.09%. Shares of the company reached a 52-week high of $11.6700 on 02/07/24 and a 52-week low of $1.4000 on 11/01/24. A 50-day SMA is recorded $5.6572, while a 200-day SMA reached $6.5386. Nevertheless, trading volume fell to 0.92 million shares from 1.72 million shares the previous day.
Support And Resistance Levels for Essa Pharma Inc (EPIX)
According to the 24-hour chart, there is a support level at 1.6567, which, if violated, would cause prices to drop to 1.6033. In the upper region, resistance lies at 1.7667. The next price resistance is at 1.8233. RSI (Relative Strength Index) is 21.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.7879, which suggests the price will decrease in the coming days. Percent R is at 93.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
