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A Guide To The Risks Of Investing In Crinetics Pharmaceuticals Inc (CRNX)

CHWY Stock

In a filing, Crinetics Pharmaceuticals Inc revealed its Chief Med and Dev Officer Pizzuti Dana unloaded Company’s shares for reported $0.79 million on Oct 03 ’24. In the deal valued at $54.63 per share,14,375 shares were sold. As a result of this transaction, Pizzuti Dana now holds 28,507 shares worth roughly $1.6 million.

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Then, DANA J PIZZUTI bought 14,375 shares, generating $785,322 in total proceeds.

Before that, Wilson Marc sold 25,000 shares. Crinetics Pharmaceuticals Inc shares valued at $1,277,750 were divested by the CFO at a price of $51.11 per share. As a result of the transaction, Wilson Marc now holds 111,092 shares, worth roughly $6.23 million.

Citigroup initiated its Crinetics Pharmaceuticals Inc [CRNX] rating to a Buy in a research note published on March 06, 2024; the price target was $68. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies began covering CRNX with “Hold” recommendation on December 21, 2023.

Price Performance Review of CRNX

On Monday, Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] saw its stock jump 0.05% to $56.09. Over the last five days, the stock has gained 4.45%. Crinetics Pharmaceuticals Inc shares have risen nearly 57.64% since the year began. Nevertheless, the stocks have risen 75.34% over the past one year. While a 52-week high of $62.53 was reached on 11/14/24, a 52-week low of $30.50 was recorded on 01/05/24. SMA at 50 days reached $55.40, while 200 days put it at $49.09.

Levels Of Support And Resistance For CRNX Stock

The 24-hour chart illustrates a support level at 55.54, which if violated will result in even more drops to 54.98. On the upside, there is a resistance level at 57.03. A further resistance level may holdings at 57.97. The Relative Strength Index (RSI) on the 14-day chart is 47.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.49%. Stochastics %K at 36.64% indicates the stock is a holding.

How much short interest is there in Crinetics Pharmaceuticals Inc?

A steep rise in short interest was recorded in Crinetics Pharmaceuticals Inc stocks on 2024-10-31, growing by 0.17 million shares to a total of 6.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.78 million shares. There was a rise of 2.41%, which implies that there is a positive sentiment for the stock.

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