In a filing, Mind Medicine Inc revealed its Officer Sullivan, Mark acquired Company’s shares for reported $26487.0 on Sep 25 ’24. In the deal valued at $5.98 per share,4,430 shares were bought.
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Then, Liao Carrie sold 2,352 shares, generating $14,065 in total proceeds. Upon selling the shares at $5.98, the Chief Accounting Officer now owns 99,543 shares.
Before that, Barrow Robert sold 19,771 shares. Mind Medicine Inc shares valued at $118,231 were divested by the Chief Executive Officer at a price of $5.98 per share. As a result of the transaction, Barrow Robert now holds 545,772 shares, worth roughly $3.73 million.
A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Robert W. Baird began covering MNMD with “an Outperform” recommendation on May 29, 2024. Leerink Partners started covering the stock on April 15, 2024. It rated MNMD as “an Outperform”.
Price Performance Review of MNMD
On Monday, Mind Medicine Inc [NASDAQ:MNMD] saw its stock fall -11.86% to $6.84. Over the last five days, the stock has lost -23.75%. Mind Medicine Inc shares have risen nearly 86.89% since the year began. Nevertheless, the stocks have risen 178.05% over the past one year. While a 52-week high of $12.22 was reached on 04/04/24, a 52-week low of $2.42 was recorded on 01/19/24. SMA at 50 days reached $6.34, while 200 days put it at $7.40.
Levels Of Support And Resistance For MNMD Stock
The 24-hour chart illustrates a support level at 6.48, which if violated will result in even more drops to 6.12. On the upside, there is a resistance level at 7.52. A further resistance level may holdings at 8.21. The Relative Strength Index (RSI) on the 14-day chart is 48.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.63%. Stochastics %K at 47.42% indicates the stock is a holding.
How much short interest is there in Mind Medicine Inc?
A steep rise in short interest was recorded in Mind Medicine Inc stocks on 2024-10-31, dropping by -0.38 million shares to a total of 9.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.36 million shares. There was a decline of -3.79%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 05, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
