Adicet Bio Inc’s recent filing unveils that its Director Kauffman Michael unloaded Company’s shares for reported $8437.0 on Jun 05 ’24. In the deal valued at $1.43 per share,5,900 shares were sold. As a result of this transaction, Kauffman Michael now holds 5,900 shares worth roughly $7080.0.
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Then, ORBIMED ADVISORS LLC bought 3,125,000 shares, generating $7,500,000 in total proceeds. Upon buying the shares at $2.40, the Director now owns 7,526,359 shares.
Before that, GORDON CARL L bought 3,125,000 shares. Adicet Bio Inc shares valued at $7,500,000 were divested by the Director at a price of $2.40 per share. As a result of the transaction, GORDON CARL L now holds 7,526,359 shares, worth roughly $9.03 million.
A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Neutral”. JMP Securities also remained covering ACET and has decreased its forecast on June 27, 2023 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Guggenheim revised its rating on June 27, 2023. It rated ACET as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ACET
On Tuesday, Adicet Bio Inc [NASDAQ:ACET] saw its stock fall -4.76% to $1.20. Over the last five days, the stock has lost -8.40%. Adicet Bio Inc shares have fallen nearly -36.51% since the year began. While a 52-week high of $3.77 was reached on 01/09/24, a 52-week low of $1.05 was recorded on 07/03/24. SMA at 50 days reached $1.4140, while 200 days put it at $1.7286.
Levels Of Support And Resistance For ACET Stock
The 24-hour chart illustrates a support level at 1.1600, which if violated will result in even more drops to 1.1200. On the upside, there is a resistance level at 1.2600. A further resistance level may holdings at 1.3200. The Relative Strength Index (RSI) on the 14-day chart is 33.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0662, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.33%. Stochastics %K at 19.26% indicates the stock is a buying.
How much short interest is there in Adicet Bio Inc?
A steep rise in short interest was recorded in Adicet Bio Inc stocks on 2024-10-15, dropping by -0.75 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.18 million shares. There was a decline of -22.02%, which implies that there is a negative sentiment for the stock.
