Nektar Therapeutics’s recently made public that its Chief R&D Officer Zalevsky Jonathan unloaded Company’s shares for reported $7863.0 on Nov 19 ’24. In the deal valued at $1.01 per share,7,785 shares were sold. As a result of this transaction, Zalevsky Jonathan now holds 243,019 shares worth roughly $0.26 million.
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Then, Wilson Mark Andrew sold 6,407 shares, generating $6,471 in total proceeds. Upon selling the shares at $1.01, the Chief Legal Officer now owns 218,856 shares.
Before that, ROBIN HOWARD W sold 16,278 shares. Nektar Therapeutics shares valued at $16,441 were divested by the President & CEO at a price of $1.01 per share. As a result of the transaction, ROBIN HOWARD W now holds 832,080 shares, worth roughly $0.91 million.
Piper Sandler initiated its Nektar Therapeutics [NKTR] rating to an Overweight in a research note published on November 04, 2024; the price target was $7. Rodman & Renshaw began covering NKTR with “Buy” recommendation on June 28, 2024.
Price Performance Review of NKTR
On Monday, Nektar Therapeutics [NASDAQ:NKTR] saw its stock jump 3.81% to $1.09. Over the last five days, the stock has gained 5.83%. Nektar Therapeutics shares have risen nearly 92.92% since the year began. Nevertheless, the stocks have risen 120.20% over the past one year. While a 52-week high of $1.93 was reached on 05/13/24, a 52-week low of $0.42 was recorded on 01/18/24. SMA at 50 days reached $1.2684, while 200 days put it at $1.2388.
Levels Of Support And Resistance For NKTR Stock
The 24-hour chart illustrates a support level at 1.0667, which if violated will result in even more drops to 1.0433. On the upside, there is a resistance level at 1.1167. A further resistance level may holdings at 1.1433. The Relative Strength Index (RSI) on the 14-day chart is 39.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1336, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.44%. Stochastics %K at 14.41% indicates the stock is a buying.
How much short interest is there in Nektar Therapeutics?
A steep rise in short interest was recorded in Nektar Therapeutics stocks on 2024-10-31, dropping by -2.08 million shares to a total of 5.23 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.31 million shares. There was a decline of -39.8%, which implies that there is a negative sentiment for the stock.
