Arcutis Biotherapeutics Inc’s filing revealed that its insider Burnett Patrick unloaded Company’s shares for reported $0.71 million on Nov 14 ’24. In the deal valued at $10.29 per share,69,126 shares were sold. As a result of this transaction, Burnett Patrick now holds 128,669 shares worth roughly $1.21 million.
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Then, Burnett Patrick sold 100 shares, generating $1,003 in total proceeds. Upon selling the shares at $10.03, the insider now owns 128,669 shares.
Before that, Burnett Patrick bought 100 shares. Arcutis Biotherapeutics Inc shares valued at $1,003 were divested by the Officer at a price of $10.03 per share.
Jefferies initiated its Arcutis Biotherapeutics Inc [ARQT] rating to a Buy in a research note published on August 28, 2024; the price target was $15. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Mizuho also remained covering ARQT and has decreased its forecast on October 26, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on October 13, 2023. It rated ARQT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARQT
On Monday, Arcutis Biotherapeutics Inc [NASDAQ:ARQT] saw its stock jump 1.84% to $9.43. Over the last five days, the stock has lost -13.01%. Arcutis Biotherapeutics Inc shares have risen nearly 191.95% since the year began. Nevertheless, the stocks have risen 383.59% over the past one year. While a 52-week high of $13.17 was reached on 04/09/24, a 52-week low of $1.76 was recorded on 01/02/24. SMA at 50 days reached $9.60, while 200 days put it at $9.43.
Levels Of Support And Resistance For ARQT Stock
The 24-hour chart illustrates a support level at 9.07, which if violated will result in even more drops to 8.70. On the upside, there is a resistance level at 9.63. A further resistance level may holdings at 9.82. The Relative Strength Index (RSI) on the 14-day chart is 48.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.23%. Stochastics %K at 41.18% indicates the stock is a holding.
How much short interest is there in Arcutis Biotherapeutics Inc?
A steep rise in short interest was recorded in Arcutis Biotherapeutics Inc stocks on 2024-10-31, growing by 0.63 million shares to a total of 27.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 27.13 million shares. There was a rise of 2.25%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 07, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $46 price target.
