The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CRISPR Therapeutics AG shares valued at $1,668,678 were sold by Kulkarni Samarth on Nov 11 ’24. At $55.62 per share, Kulkarni Samarth sold 30,000 shares. The insider’s holdings dropped to 196,540 shares worth approximately $9.1 million following the completion of this transaction.
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Also, KASINGER JAMES R. sold 1,089 shares, netting a total of over 50,399 in proceeds. Following the sale of shares at $46.28 each, the insider now holds 62,597 shares.
Before that, Kulkarni Samarth had sold 4,293 shares from its account. In a trade valued at $198,680, the Chief Executive Officer traded CRISPR Therapeutics AG shares for $46.28 each. Upon closing the transaction, the insider’s holdings decreased to 4,293 shares, worth approximately $10.49 million.
As published in a research note from Needham on August 06, 2024, CRISPR Therapeutics AG [CRSP] has been retained to a Buy and the price target has been revised to $84. Analysts at Rodman & Renshaw started covering the stock with ‘”a Buy”‘ outlook in a report released in early August. Earlier on February 15, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for CRSP stock.
Analyzing CRSP Stock Performance
During the last five days, there has been a drop of approximately -1.20%. Over the course of the year, CRISPR Therapeutics AG shares have dropped approximately -26.05%. Shares of the company reached a 52-week high of $91.10 on 02/22/24 and a 52-week low of $43.42 on 09/06/24. A 50-day SMA is recorded $48.00, while a 200-day SMA reached $57.15. Nevertheless, trading volume fell to 2.09 million shares from 1.95 million shares the previous day.
Support And Resistance Levels for CRISPR Therapeutics AG (CRSP)
According to the 24-hour chart, there is a support level at 45.46, which, if violated, would cause prices to drop to 44.64. In the upper region, resistance lies at 47.16. The next price resistance is at 48.04. RSI (Relative Strength Index) is 42.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.62, which suggests the price will decrease in the coming days. Percent R is at 94.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
