The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Monopar Therapeutics Inc shares valued at $25,188 were purchased by Radhakrishnan Karthik on Oct 28 ’24. At $16.25 per share, Radhakrishnan Karthik acquired 1,550 shares. The insider’s holdings grew to 1,550 shares worth approximately $32085.0 following the completion of this transaction.
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Also, Cittadine Andrew purchased 20,508 shares, netting a total of over 15,254 in proceeds. Following the buying of shares at $0.74 each, the insider now holds 186,132 shares.
Before that, Cittadine Andrew had added 12,000 shares to its account. In a trade valued at $10,320, the Chief Operating Officer bought Monopar Therapeutics Inc shares for $0.86 each. Upon closing the transaction, the insider’s holdings increased to 12,000 shares, worth approximately $3.43 million.
As published in their initiating research note from Rodman & Renshaw on October 11, 2024, Monopar Therapeutics Inc [MNPR] has been a Buy and the price target has been revised to $50. Analysts at ROTH Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in late January.
Analyzing MNPR Stock Performance
During the last five days, there has been a surge of approximately 8.95%. Over the course of the year, Monopar Therapeutics Inc shares have jumped approximately 1116.93%. Shares of the company reached a 52-week high of $38.50 on 10/24/24 and a 52-week low of $1.54 on 02/07/24. A 50-day SMA is recorded $11.67, while a 200-day SMA reached $5.51. Nevertheless, trading volume fell to 90571.0 shares from 88800.0 shares the previous day.
Support And Resistance Levels for Monopar Therapeutics Inc (MNPR)
According to the 24-hour chart, there is a support level at 19.34, which, if violated, would cause prices to drop to 17.98. In the upper region, resistance lies at 21.53. The next price resistance is at 22.36. RSI (Relative Strength Index) is 64.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 8.45%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
