Collegium Pharmaceutical Inc’s recently made public that its EVP and Chief Medical Officer Smith Thomas B unloaded Company’s shares for reported $0.35 million on Sep 13 ’24. In the deal valued at $36.62 per share,9,593 shares were sold. As a result of this transaction, Smith Thomas B now holds 53,816 shares worth roughly $1.73 million.
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Then, Smith Thomas B bought 373 shares, generating $13,794 in total proceeds.
Before that, Smith Thomas B bought 9,220 shares. Collegium Pharmaceutical Inc shares valued at $337,516 were divested by the Officer at a price of $36.61 per share.
H.C. Wainwright upgraded its Collegium Pharmaceutical Inc [COLL] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early June from “a Hold” to “a Buy”. Piper Sandler also remained covering COLL and has decreased its forecast on May 10, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Needham revised its rating on May 10, 2024. It rated COLL as “a Hold” which previously was an “a Buy”.
Price Performance Review of COLL
On Friday, Collegium Pharmaceutical Inc [NASDAQ:COLL] saw its stock fall -7.35% to $32.16. Over the last five days, the stock has lost -3.89%. Collegium Pharmaceutical Inc shares have risen nearly 4.48% since the year began. Nevertheless, the stocks have risen 39.16% over the past one year. While a 52-week high of $42.29 was reached on 10/07/24, a 52-week low of $22.98 was recorded on 05/10/24. SMA at 50 days reached $37.07, while 200 days put it at $35.53.
Levels Of Support And Resistance For COLL Stock
The 24-hour chart illustrates a support level at 31.25, which if violated will result in even more drops to 30.34. On the upside, there is a resistance level at 33.59. A further resistance level may holdings at 35.02. The Relative Strength Index (RSI) on the 14-day chart is 34.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.07%. Stochastics %K at 24.62% indicates the stock is a holding.
How much short interest is there in Collegium Pharmaceutical Inc?
A steep rise in short interest was recorded in Collegium Pharmaceutical Inc stocks on 2024-10-15, dropping by -0.2 million shares to a total of 6.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.35 million shares. There was a decline of -3.31%, which implies that there is a negative sentiment for the stock.
