Intra-Cellular Therapies Inc’s recently made public that its President Halstead Michael unloaded Company’s shares for reported $2.04 million on Nov 12 ’24. In the deal valued at $89.12 per share,22,869 shares were sold. As a result of this transaction, Halstead Michael now holds 0 shares worth roughly $0.0.
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Then, Halstead Michael sold 18,714 shares, generating $1,654,021 in total proceeds. Upon selling the shares at $88.38, the President now owns 0 shares.
Before that, Halstead Michael bought 41,583 shares. Intra-Cellular Therapies Inc shares valued at $3,704,223 were divested by the Officer at a price of $89.08 per share.
Piper Sandler upgraded its Intra-Cellular Therapies Inc [ITCI] rating to an Overweight from a a Neutral in a research note published on September 06, 2024; the price target was increased to $92 from $68. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early January with a ‘”an Outperform”‘ rating. TD Cowen began covering ITCI with “an Outperform” recommendation on December 11, 2023. Morgan Stanley started covering the stock on April 20, 2023. It rated ITCI as “an Overweight”.
Price Performance Review of ITCI
On Friday, Intra-Cellular Therapies Inc [NASDAQ:ITCI] saw its stock fall -4.80% to $83.42. Over the last five days, the stock has lost -8.62%. Intra-Cellular Therapies Inc shares have risen nearly 16.48% since the year began. Nevertheless, the stocks have risen 47.15% over the past one year. While a 52-week high of $93.45 was reached on 11/11/24, a 52-week low of $54.17 was recorded on 02/22/24. SMA at 50 days reached $78.27, while 200 days put it at $72.97.
Levels Of Support And Resistance For ITCI Stock
The 24-hour chart illustrates a support level at 82.05, which if violated will result in even more drops to 80.67. On the upside, there is a resistance level at 85.96. A further resistance level may holdings at 88.49. The Relative Strength Index (RSI) on the 14-day chart is 50.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.10%. Stochastics %K at 60.87% indicates the stock is a holding.
How much short interest is there in Intra-Cellular Therapies Inc?
A steep rise in short interest was recorded in Intra-Cellular Therapies Inc stocks on 2024-10-31, dropping by -0.23 million shares to a total of 2.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.59 million shares. There was a decline of -9.86%, which implies that there is a negative sentiment for the stock.
