Fortress Biotech Inc’s recent filing unveils that its PRESIDENT, CEO & CHAIRMAN ROSENWALD LINDSAY A MD acquired Company’s shares for reported $1.4 million on Sep 23 ’24. In the deal valued at $1.84 per share,763,359 shares were bought. As a result of this transaction, ROSENWALD LINDSAY A MD now holds 3,657,264 shares worth roughly $5.23 million.
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Then, ROSENWALD LINDSAY A MD bought 5,000 shares, generating $37,418 in total proceeds. Upon buying the shares at $7.48, the President, CEO & Chairman now owns 127,500 shares.
Before that, Jin David bought 500 shares. Fortress Biotech Inc shares valued at $3,750 were divested by the Chief Financial Officer at a price of $7.50 per share. As a result of the transaction, Jin David now holds 500 shares, worth roughly $715.0.
A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. The Benchmark Company began covering FBIO with “Buy” recommendation on October 02, 2020. B. Riley FBR started covering the stock on December 18, 2019. It rated FBIO as “a Buy”.
Price Performance Review of FBIO
On Friday, Fortress Biotech Inc [NASDAQ:FBIO] saw its stock fall -8.92% to $1.43. Over the last five days, the stock has lost -16.37%. Fortress Biotech Inc shares have fallen nearly -52.49% since the year began. Nevertheless, the stocks have risen 3.62% over the past one year. While a 52-week high of $4.43 was reached on 01/02/24, a 52-week low of $1.30 was recorded on 09/24/24. SMA at 50 days reached $1.7061, while 200 days put it at $1.8500.
Levels Of Support And Resistance For FBIO Stock
The 24-hour chart illustrates a support level at 1.3700, which if violated will result in even more drops to 1.3100. On the upside, there is a resistance level at 1.5300. A further resistance level may holdings at 1.6300. The Relative Strength Index (RSI) on the 14-day chart is 31.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2039, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.10%. Stochastics %K at 8.24% indicates the stock is a buying.
How much short interest is there in Fortress Biotech Inc?
A steep rise in short interest was recorded in Fortress Biotech Inc stocks on 2024-10-31, growing by 0.27 million shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.35 million shares. There was a rise of 10.36%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 28, 2018 when B. Riley FBR Inc. began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
