Arcutis Biotherapeutics Inc’s recently made public that its insider Matsuda Masaru unloaded Company’s shares for reported $43551.0 on Nov 04 ’24. In the deal valued at $8.68 per share,5,015 shares were sold. As a result of this transaction, Matsuda Masaru now holds 178,273 shares worth roughly $1.93 million.
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Then, Watanabe Todd Franklin sold 13,871 shares, generating $120,459 in total proceeds. Upon selling the shares at $8.68, the insider now owns 832,392 shares.
Before that, Welgus Howard G. sold 10,000 shares. Arcutis Biotherapeutics Inc shares valued at $86,541 were divested by the Director at a price of $8.65 per share. As a result of the transaction, Welgus Howard G. now holds 171,944 shares, worth roughly $1.86 million.
Jefferies initiated its Arcutis Biotherapeutics Inc [ARQT] rating to a Buy in a research note published on August 28, 2024; the price target was $15. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Mizuho also remained covering ARQT and has decreased its forecast on October 26, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on October 13, 2023. It rated ARQT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARQT
On Monday, Arcutis Biotherapeutics Inc [NASDAQ:ARQT] saw its stock jump 0.18% to $10.84. Over the last five days, the stock has gained 24.31%. Arcutis Biotherapeutics Inc shares have risen nearly 235.60% since the year began. Nevertheless, the stocks have risen 442.00% over the past one year. While a 52-week high of $13.17 was reached on 04/09/24, a 52-week low of $1.76 was recorded on 01/02/24. SMA at 50 days reached $9.67, while 200 days put it at $9.33.
Levels Of Support And Resistance For ARQT Stock
The 24-hour chart illustrates a support level at 10.71, which if violated will result in even more drops to 10.59. On the upside, there is a resistance level at 10.99. A further resistance level may holdings at 11.15. The Relative Strength Index (RSI) on the 14-day chart is 70.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.02%. Stochastics %K at 83.33% indicates the stock is a selling.
How much short interest is there in Arcutis Biotherapeutics Inc?
A steep rise in short interest was recorded in Arcutis Biotherapeutics Inc stocks on 2024-10-15, growing by 3.2 million shares to a total of 28.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 24.86 million shares. There was a rise of 11.41%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 07, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $46 price target.
