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Trevi Therapeutics Inc (TRVI) gets rating Resumed from Leerink Partners

Trevi Therapeutics Inc’s recently made public that its President & CEO GOOD JENNIFER L unloaded Company’s shares for reported $12784.0 on Sep 06 ’24. In the deal valued at $3.03 per share,4,219 shares were sold. As a result of this transaction, GOOD JENNIFER L now holds 213,313 shares worth roughly $0.64 million.

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Then, GOOD JENNIFER L sold 1,840 shares, generating $5,587 in total proceeds. Upon selling the shares at $3.04, the President & CEO now owns 213,313 shares.

Before that, GOOD JENNIFER L sold 40,277 shares. Trevi Therapeutics Inc shares valued at $125,310 were divested by the President & CEO at a price of $3.11 per share. As a result of the transaction, GOOD JENNIFER L now holds 213,313 shares, worth roughly $0.64 million.

A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late August with a ‘”an Outperform”‘ rating. H.C. Wainwright began covering TRVI with “Buy” recommendation on August 30, 2024. Rodman & Renshaw started covering the stock on June 13, 2024. It rated TRVI as “a Buy”.

Price Performance Review of TRVI

On Tuesday, Trevi Therapeutics Inc [NASDAQ:TRVI] saw its stock jump 6.38% to $3.00. Trevi Therapeutics Inc shares have risen nearly 123.88% since the year began. Nevertheless, the stocks have risen 115.83% over the past one year. While a 52-week high of $4.00 was reached on 03/21/24, a 52-week low of $0.97 was recorded on 01/22/24. SMA at 50 days reached $3.13, while 200 days put it at $2.89.

Levels Of Support And Resistance For TRVI Stock

The 24-hour chart illustrates a support level at 2.82, which if violated will result in even more drops to 2.65. On the upside, there is a resistance level at 3.12. A further resistance level may holdings at 3.25. The Relative Strength Index (RSI) on the 14-day chart is 49.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.45%. Stochastics %K at 34.25% indicates the stock is a holding.

How much short interest is there in Trevi Therapeutics Inc?

A steep rise in short interest was recorded in Trevi Therapeutics Inc stocks on 2024-10-31, growing by 0.21 million shares to a total of 1.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.51 million shares. There was a rise of 12.07%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on April 12, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.

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