Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corcept Therapeutics Inc shares valued at $131,736 were sold by Swisher Daniel N JR on Nov 11 ’24. At $59.88 per share, Swisher Daniel N JR sold 2,200 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Swisher Daniel N JR purchased 2,200 shares, netting a total of over 131,736 in proceeds.
Before that, Guyer William had sold 6,606 shares from its account. In a trade valued at $323,496, the Chief Development Officer traded Corcept Therapeutics Inc shares for $48.97 each. Upon closing the transaction, the insider’s holdings decreased to 6,606 shares, worth approximately $0.32 million.
As published in a research note from Truist on November 06, 2023, Corcept Therapeutics Inc [CORT] has been rated up from a Hold to a Buy and the price target has been revised to $38 from $29. Analysts at SVB Securities started covering the stock with ‘”a Market perform”‘ outlook in a report released in mid April. As of April 04, 2023, Piper Sandler has initiated its “an Overweight” rating for CORT. Earlier on February 15, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for CORT stock which previously was a “a Buy”.
Analyzing CORT Stock Performance
During the last five days, there has been a surge of approximately 2.06%. Over the course of the year, Corcept Therapeutics Inc shares have jumped approximately 72.17%. Shares of the company reached a 52-week high of $61.66 on 11/08/24 and a 52-week low of $20.84 on 04/22/24. A 50-day SMA is recorded $48.02, while a 200-day SMA reached $33.64. Nevertheless, trading volume fell to 0.6 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Corcept Therapeutics Inc (CORT)
According to the 24-hour chart, there is a support level at 55.09, which, if violated, would cause prices to drop to 54.27. In the upper region, resistance lies at 56.99. The next price resistance is at 58.07. RSI (Relative Strength Index) is 61.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 40.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
