Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Keros Therapeutics Inc shares valued at $11,002,500 were sold by GORDON CARL L on Aug 13 ’24. At $44.01 per share, GORDON CARL L sold 250,000 shares. The insider’s holdings dropped to 119,522 shares worth approximately $7.94 million following the completion of this transaction.
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Also, ORBIMED ADVISORS LLC sold 250,000 shares, netting a total of over 11,002,500 in proceeds. Following the sale of shares at $44.01 each, the insider now holds 119,522 shares.
Before that, OrbiMed Genesis Master Fund, L had added 29,400 shares to its account. In a trade valued at $1,318,296, the Shareholder bought Keros Therapeutics Inc shares for $44.84 each.
As published in their initiating research note from Jefferies on November 05, 2024, Keros Therapeutics Inc [KROS] has been a Buy. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late October. As of October 16, 2024, Scotiabank has initiated its “Sector outperform” rating for KROS. Earlier on September 23, 2024, Guggenheim initiated its rating. Their recommendation was “a Buy” for KROS stock.
Analyzing KROS Stock Performance
During the last five days, there has been a surge of approximately 11.42%. Over the course of the year, Keros Therapeutics Inc shares have jumped approximately 67.13%. Shares of the company reached a 52-week high of $73.00 on 02/29/24 and a 52-week low of $39.00 on 01/02/24. A 50-day SMA is recorded $57.30, while a 200-day SMA reached $55.16. Nevertheless, trading volume fell to 0.53 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Keros Therapeutics Inc (KROS)
According to the 24-hour chart, there is a support level at 64.48, which, if violated, would cause prices to drop to 62.51. In the upper region, resistance lies at 67.70. The next price resistance is at 68.96. RSI (Relative Strength Index) is 70.14 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.52, which suggests the price will increase in the coming days. Percent R is at 5.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
