Editas Medicine Inc’s recent filing unveils that its EVP, CHIEF MEDICAL OFFICER Mei Baisong unloaded Company’s shares for reported $1774.0 on Sep 04 ’24. In the deal valued at $3.42 per share,518 shares were sold. As a result of this transaction, Mei Baisong now holds 133,895 shares worth roughly $0.33 million.
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Then, O’Neill Gilmore Neil sold 1,555 shares, generating $5,325 in total proceeds. Upon selling the shares at $3.42, the CEO now owns 313,724 shares.
Before that, O’Neill Gilmore Neil bought 3,000 shares. Editas Medicine Inc shares valued at $11,760 were divested by the Officer at a price of $3.92 per share.
Evercore ISI upgraded its Editas Medicine Inc [EDIT] rating to an Outperform from a an In-line in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Mkt perform”. BofA Securities also remained covering EDIT and has increased its forecast on August 08, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on May 09, 2024. It rated EDIT as “an Equal-weight” which previously was an “an Underweight”.
Price Performance Review of EDIT
On Friday, Editas Medicine Inc [NASDAQ:EDIT] saw its stock jump 2.95% to $2.44. Over the last five days, the stock has lost -8.27%. Editas Medicine Inc shares have fallen nearly -75.91% since the year began. Nevertheless, the stocks have fallen -76.74% over the past one year. While a 52-week high of $11.69 was reached on 02/28/24, a 52-week low of $2.30 was recorded on 11/21/24. SMA at 50 days reached $3.20, while 200 days put it at $5.19.
Levels Of Support And Resistance For EDIT Stock
The 24-hour chart illustrates a support level at 2.34, which if violated will result in even more drops to 2.23. On the upside, there is a resistance level at 2.54. A further resistance level may holdings at 2.64. The Relative Strength Index (RSI) on the 14-day chart is 33.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.27%. Stochastics %K at 8.27% indicates the stock is a buying.
How much short interest is there in Editas Medicine Inc?
A steep rise in short interest was recorded in Editas Medicine Inc stocks on 2024-10-31, growing by 0.5 million shares to a total of 17.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.74 million shares. There was a rise of 2.89%, which implies that there is a positive sentiment for the stock.
