Capricor Therapeutics Inc’s recent filing unveils that its 10% Owner Nippon Shinyaku Co Ltd acquired Company’s shares for reported $15.0 million on Sep 20 ’24. In the deal valued at $5.36 per share,2,798,507 shares were bought. As a result of this transaction, Nippon Shinyaku Co Ltd now holds 7,090,351 shares worth roughly $131.95 million.
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Piper Sandler initiated its Capricor Therapeutics Inc [CAPR] rating to an Overweight in a research note published on October 21, 2024; the price target was $35. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Cantor Fitzgerald began covering CAPR with “an Overweight” recommendation on January 05, 2024. Ladenburg Thalmann started covering the stock on October 26, 2022. It rated CAPR as “a Buy”.
Price Performance Review of CAPR
On Friday, Capricor Therapeutics Inc [NASDAQ:CAPR] saw its stock jump 0.65% to $18.61. Over the last five days, the stock has lost -5.53%. Capricor Therapeutics Inc shares have risen nearly 280.57% since the year began. Nevertheless, the stocks have risen 479.75% over the past one year. While a 52-week high of $23.40 was reached on 10/15/24, a 52-week low of $2.87 was recorded on 08/07/24. SMA at 50 days reached $15.21, while 200 days put it at $7.59.
Levels Of Support And Resistance For CAPR Stock
The 24-hour chart illustrates a support level at 18.06, which if violated will result in even more drops to 17.50. On the upside, there is a resistance level at 19.14. A further resistance level may holdings at 19.67. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.98%. Stochastics %K at 20.12% indicates the stock is a holding.
How much short interest is there in Capricor Therapeutics Inc?
A steep rise in short interest was recorded in Capricor Therapeutics Inc stocks on 2024-10-31, growing by 42257.0 shares to a total of 5.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.24 million shares. There was a rise of 0.8%, which implies that there is a positive sentiment for the stock.
