In a filing, Absci Corp revealed its CFO / CBO Jonasson Zachariah unloaded Company’s shares for reported $98892.0 on Jun 13 ’24. In the deal valued at $4.98 per share,19,859 shares were sold. As a result of this transaction, Jonasson Zachariah now holds 384,751 shares worth roughly $0.98 million.
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Then, Phoenix Venture Partners II LP sold 3,100,000 shares, generating $13,640,000 in total proceeds. Upon selling the shares at $4.40, the 10% Owner now owns 11,279,522 shares.
Before that, Redmile Group, LLC bought 222,222 shares. Absci Corp shares valued at $999,999 were divested by the Director at a price of $4.50 per share. As a result of the transaction, Redmile Group, LLC now holds 8,253,316 shares, worth roughly $21.13 million.
Guggenheim initiated its Absci Corp [ABSI] rating to a Buy in a research note published on October 02, 2024; the price target was $10. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early July with a ‘”an Overweight”‘ rating. Scotiabank began covering ABSI with “Sector outperform” recommendation on March 14, 2024. KeyBanc Capital Markets started covering the stock on December 05, 2023. It rated ABSI as “an Overweight”.
Price Performance Review of ABSI
On Friday, Absci Corp [NASDAQ:ABSI] saw its stock jump 0.39% to $2.56. Over the last five days, the stock has lost -9.86%. Absci Corp shares have fallen nearly -39.05% since the year began. Nevertheless, the stocks have risen 82.86% over the past one year. While a 52-week high of $6.72 was reached on 04/09/24, a 52-week low of $1.35 was recorded on 11/19/24. SMA at 50 days reached $3.81, while 200 days put it at $4.31.
Levels Of Support And Resistance For ABSI Stock
The 24-hour chart illustrates a support level at 2.51, which if violated will result in even more drops to 2.45. On the upside, there is a resistance level at 2.63. A further resistance level may holdings at 2.69. The Relative Strength Index (RSI) on the 14-day chart is 24.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.54%. Stochastics %K at 7.28% indicates the stock is a buying.
How much short interest is there in Absci Corp?
A steep rise in short interest was recorded in Absci Corp stocks on 2024-10-31, dropping by -0.75 million shares to a total of 12.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.34 million shares. There was a decline of -5.98%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 04, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $4 price target.
