Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mineralys Therapeutics Inc shares valued at $383,067 were purchased by Rodman David Malcom on Nov 06 ’24. At $15.03 per share, Rodman David Malcom acquired 25,482 shares.
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Also, Levy Adam Scott sold 10,757 shares, netting a total of over 146,004 in proceeds. Following the sale of shares at $13.57 each, the insider now holds 236,854 shares.
Before that, Congleton Jon had sold 15,271 shares from its account. In a trade valued at $206,433, the Chief Executive Officer traded Mineralys Therapeutics Inc shares for $13.52 each. Upon closing the transaction, the insider’s holdings decreased to 15,271 shares, worth approximately $13.39 million.
As published in their initiating research note from H.C. Wainwright on July 10, 2024, Mineralys Therapeutics Inc [MLYS] has been a Buy and the price target has been revised to $30. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 07, 2023, Wells Fargo has initiated its “an Overweight” rating for MLYS. Earlier on March 07, 2023, Stifel initiated its rating. Their recommendation was “a Buy” for MLYS stock.
Analyzing MLYS Stock Performance
During the last five days, there has been a surge of approximately 8.49%. Over the course of the year, Mineralys Therapeutics Inc shares have jumped approximately 73.84%. Shares of the company reached a 52-week high of $16.91 on 02/27/24 and a 52-week low of $7.95 on 01/18/24. A 50-day SMA is recorded $12.83, while a 200-day SMA reached $12.78. Nevertheless, trading volume fell to 0.67 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Mineralys Therapeutics Inc (MLYS)
According to the 24-hour chart, there is a support level at 13.96, which, if violated, would cause prices to drop to 12.96. In the upper region, resistance lies at 15.60. The next price resistance is at 16.24. RSI (Relative Strength Index) is 69.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.17, which suggests the price will decrease in the coming days. Percent R is at 11.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
