Soleno Therapeutics Inc’s recently made public that its Rule 144 Affiliate Abingworth Bioventures VII LP acquired Company’s shares for reported $51.42 million on Oct 21 ’24. In the deal valued at $54.16 per share,949,336 shares were bought.
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Then, Abingworth Bioventures VII LP bought 2,522,751 shares, generating $125,204,132 in total proceeds.
Before that, Yen Kristen sold 3,108 shares. Soleno Therapeutics Inc shares valued at $153,627 were divested by the insider at a price of $49.43 per share. As a result of the transaction, Yen Kristen now holds 81,465 shares, worth roughly $4.71 million.
H.C. Wainwright initiated its Soleno Therapeutics Inc [SLNO] rating to a Buy in a research note published on September 03, 2024; the price target was $70. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early May with a ‘”an Outperform”‘ rating. Piper Sandler began covering SLNO with “an Overweight” recommendation on February 05, 2024. Stifel started covering the stock on January 23, 2024. It rated SLNO as “a Buy”.
Price Performance Review of SLNO
On Friday, Soleno Therapeutics Inc [NASDAQ:SLNO] saw its stock jump 5.77% to $57.78. Over the last five days, the stock has gained 11.54%. Soleno Therapeutics Inc shares have risen nearly 43.55% since the year began. Nevertheless, the stocks have risen 106.36% over the past one year. While a 52-week high of $59.75 was reached on 11/11/24, a 52-week low of $26.38 was recorded on 01/04/24. SMA at 50 days reached $53.17, while 200 days put it at $47.00.
Levels Of Support And Resistance For SLNO Stock
The 24-hour chart illustrates a support level at 55.63, which if violated will result in even more drops to 53.48. On the upside, there is a resistance level at 58.93. A further resistance level may holdings at 60.09. The Relative Strength Index (RSI) on the 14-day chart is 60.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.78%. Stochastics %K at 55.79% indicates the stock is a holding.
How much short interest is there in Soleno Therapeutics Inc?
A steep rise in short interest was recorded in Soleno Therapeutics Inc stocks on 2024-10-31, growing by 1.21 million shares to a total of 6.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.96 million shares. There was a rise of 19.59%, which implies that there is a positive sentiment for the stock.
