Intra-Cellular Therapies Inc’s recent filing unveils that its Director ALEXANDRIA VENTURE INVESTMENTS acquired Company’s shares for reported $1.83 million on Sep 06 ’24. In the deal valued at $73.17 per share,25,000 shares were bought.
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Then, Mates Sharon sold 35,604 shares, generating $2,583,884 in total proceeds. Upon selling the shares at $72.57, the Chairman and CEO now owns 1,070,329 shares.
Before that, Mates Sharon sold 34,396 shares. Intra-Cellular Therapies Inc shares valued at $2,505,351 were divested by the Chairman and CEO at a price of $72.84 per share. As a result of the transaction, Mates Sharon now holds 1,070,329 shares, worth roughly $98.01 million.
Piper Sandler upgraded its Intra-Cellular Therapies Inc [ITCI] rating to an Overweight from a a Neutral in a research note published on September 06, 2024; the price target was increased to $92 from $68. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. TD Cowen began covering ITCI with “an Outperform” recommendation on December 11, 2023. Morgan Stanley started covering the stock on April 20, 2023. It rated ITCI as “an Overweight”.
Price Performance Review of ITCI
On Monday, Intra-Cellular Therapies Inc [NASDAQ:ITCI] saw its stock jump 0.31% to $91.57. Over the last five days, the stock has gained 6.27%. Intra-Cellular Therapies Inc shares have risen nearly 27.86% since the year began. Nevertheless, the stocks have risen 71.09% over the past one year. While a 52-week high of $91.68 was reached on 11/11/24, a 52-week low of $52.88 was recorded on 02/22/24. SMA at 50 days reached $77.14, while 200 days put it at $72.60.
Levels Of Support And Resistance For ITCI Stock
The 24-hour chart illustrates a support level at 90.32, which if violated will result in even more drops to 89.06. On the upside, there is a resistance level at 93.14. A further resistance level may holdings at 94.70. The Relative Strength Index (RSI) on the 14-day chart is 79.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.06%. Stochastics %K at 93.57% indicates the stock is a selling.
How much short interest is there in Intra-Cellular Therapies Inc?
A steep rise in short interest was recorded in Intra-Cellular Therapies Inc stocks on 2024-10-15, dropping by -0.16 million shares to a total of 2.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.57 million shares. There was a decline of -6.48%, which implies that there is a negative sentiment for the stock.
