Beam Therapeutics Inc’s recently made public that its President Ciaramella Giuseppe unloaded Company’s shares for reported $1.35 million on Nov 06 ’24. In the deal valued at $26.36 per share,51,110 shares were sold. As a result of this transaction, Ciaramella Giuseppe now holds 109,150 shares worth roughly $3.31 million.
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Then, Ciaramella Giuseppe sold 51,110 shares, generating $1,342,752 in total proceeds. Upon selling the shares at $26.27, the President now owns 160,260 shares.
Before that, Giuseppe Ciaramella bought 102,220 shares. Beam Therapeutics Inc shares valued at $2,519,723 were divested by the Officer at a price of $24.65 per share.
Leerink Partners upgraded its Beam Therapeutics Inc [BEAM] rating to an Outperform from a a Market perform in a research note published on November 06, 2024; the price target was increased to $39 from $27. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid October with a ‘”a Sector outperform”‘ rating. H.C. Wainwright began covering BEAM with “Buy” recommendation on July 23, 2024. JP Morgan revised its rating on January 29, 2024. It rated BEAM as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of BEAM
On Monday, Beam Therapeutics Inc [NASDAQ:BEAM] saw its stock jump 12.16% to $30.35. Over the last five days, the stock has gained 24.59%. Beam Therapeutics Inc shares have risen nearly 11.50% since the year began. Nevertheless, the stocks have risen 36.65% over the past one year. While a 52-week high of $49.50 was reached on 02/27/24, a 52-week low of $18.85 was recorded on 04/25/24. SMA at 50 days reached $24.31, while 200 days put it at $26.81.
Levels Of Support And Resistance For BEAM Stock
The 24-hour chart illustrates a support level at 27.80, which if violated will result in even more drops to 25.26. On the upside, there is a resistance level at 32.59. A further resistance level may holdings at 34.84. The Relative Strength Index (RSI) on the 14-day chart is 72.41, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.39%. Stochastics %K at 86.01% indicates the stock is a selling.
How much short interest is there in Beam Therapeutics Inc?
A steep rise in short interest was recorded in Beam Therapeutics Inc stocks on 2024-10-15, growing by 0.2 million shares to a total of 11.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 10.96 million shares. There was a rise of 1.76%, which implies that there is a positive sentiment for the stock.
