Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Molecular Templates Inc shares valued at $587,500 were purchased by BIOTECH TARGET N V on Apr 02 ’24. At $2.35 per share, BIOTECH TARGET N V acquired 250,000 shares. The insider’s holdings grew to 1,279,820 shares worth approximately $0.78 million following the completion of this transaction.
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As published in their initiating research note from BofA Securities on April 21, 2021, Molecular Templates Inc [MTEM] has been a Buy and the price target has been revised to $12. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early February. As of September 08, 2020, Jefferies has initiated its “Buy” rating for MTEM. Earlier on March 25, 2020, Stifel initiated its rating. Their recommendation was “a Buy” for MTEM stock.
Analyzing MTEM Stock Performance
During the last five days, there has been a surge of approximately 55.10%. Over the course of the year, Molecular Templates Inc shares have dropped approximately -83.65%. Shares of the company reached a 52-week high of $4.1200 on 03/04/24 and a 52-week low of $0.2950 on 10/14/24. A 50-day SMA is recorded $0.9394, while a 200-day SMA reached $1.6821. Nevertheless, trading volume fell to 329.84 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Molecular Templates Inc (MTEM)
In the upper region, resistance lies at 1.0514. The next price resistance is at 1.4928. RSI (Relative Strength Index) is 49.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0048, which suggests the price will decrease in the coming days. Percent R is at 64.21%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
