Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. IO Biotech Inc shares valued at $844,000 were purchased by Novo Holdings A/S on Sep 11 ’24. At $0.84 per share, Novo Holdings A/S acquired 1,000,000 shares.
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Also, Novo Holdings A/S sold 51,522 shares, netting a total of over 68,339 in proceeds. Following the sale of shares at $1.33 each, the insider now holds 4,377,927 shares.
Before that, Novo Holdings A/S had sold 23,478 shares from its account. In a trade valued at $30,787, the 10% Owner traded IO Biotech Inc shares for $1.31 each. Upon closing the transaction, the insider’s holdings decreased to 23,478 shares, worth approximately $2.96 million.
Analyzing IOBT Stock Performance
During the last five days, there has been a drop of approximately -23.37%. Over the course of the year, IO Biotech Inc shares have dropped approximately -63.72%. Shares of the company reached a 52-week high of $2.0980 on 01/05/24 and a 52-week low of $0.6600 on 11/21/24. A 50-day SMA is recorded $1.0885, while a 200-day SMA reached $1.3412. Nevertheless, trading volume fell to 5.13 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for IO Biotech Inc (IOBT)
According to the 24-hour chart, there is a support level at 0.6079, which, if violated, would cause prices to drop to 0.5338. In the upper region, resistance lies at 0.8082. The next price resistance is at 0.9344. RSI (Relative Strength Index) is 27.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1895, which suggests the price will decrease in the coming days. Percent R is at 96.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
