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Investing in Day One Biopharmaceuticals Inc (DAWN) Is Getting More Attractive

Day One Biopharmaceuticals Inc’s recently made public that its CHIEF EXECUTIVE OFFICER Bender Jeremy unloaded Company’s shares for reported $0.14 million on Nov 18 ’24. In the deal valued at $13.21 per share,10,554 shares were sold. As a result of this transaction, Bender Jeremy now holds 108,377 shares worth roughly $1.47 million.

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Then, Blackman Samuel C. sold 2,206 shares, generating $29,142 in total proceeds. Upon selling the shares at $13.21, the HEAD OF R&D now owns 1,064,015 shares.

Before that, Dubow Adam sold 3,165 shares. Day One Biopharmaceuticals Inc shares valued at $41,810 were divested by the GENERAL COUNSEL at a price of $13.21 per share. As a result of the transaction, Dubow Adam now holds 32,162 shares, worth roughly $0.43 million.

Needham reiterated its Day One Biopharmaceuticals Inc [DAWN] rating to a Buy in a research note published on October 09, 2024; the price target was $33. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early August from “an Underperform” to “a Buy”. Needham also remained covering DAWN and reiterated its “Buy” recommendation on April 24, 2024. BofA Securities revised its rating on April 25, 2023. It rated DAWN as “an Underperform” which previously was an “a Buy”.

Price Performance Review of DAWN

On Tuesday, Day One Biopharmaceuticals Inc [NASDAQ:DAWN] saw its stock jump 3.92% to $13.52. Over the last five days, the stock has lost -13.55%. Day One Biopharmaceuticals Inc shares have fallen nearly -7.40% since the year began. Nevertheless, the stocks have risen 11.37% over the past one year. While a 52-week high of $18.07 was reached on 05/01/24, a 52-week low of $11.30 was recorded on 06/17/24. SMA at 50 days reached $14.38, while 200 days put it at $14.64.

Levels Of Support And Resistance For DAWN Stock

The 24-hour chart illustrates a support level at 13.18, which if violated will result in even more drops to 12.85. On the upside, there is a resistance level at 13.70. A further resistance level may holdings at 13.89. The Relative Strength Index (RSI) on the 14-day chart is 39.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.14%. Stochastics %K at 6.97% indicates the stock is a buying.

How much short interest is there in Day One Biopharmaceuticals Inc?

A steep rise in short interest was recorded in Day One Biopharmaceuticals Inc stocks on 2024-10-31, growing by 2.35 million shares to a total of 18.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.67 million shares. There was a rise of 13.05%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 08, 2023 when CapitalOne began covering the stock and recommended ‘”an Overweight”‘ rating along with a $40 price target.

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