Sarepta Therapeutics Inc’s recent filing unveils that its Chief Financial Officer Estepan Ian Michael unloaded Company’s shares for reported $0.82 million on Aug 30 ’24. In the deal valued at $137.36 per share,5,985 shares were sold. As a result of this transaction, Estepan Ian Michael now holds 33,946 shares worth roughly $4.43 million.
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Then, Estepan Ian Michael bought 5,985 shares, generating $822,130 in total proceeds.
Before that, Chambers Michael Andrew bought 37,038 shares. Sarepta Therapeutics Inc shares valued at $4,955,728 were divested by the Director at a price of $133.80 per share. As a result of the transaction, Chambers Michael Andrew now holds 284,034 shares, worth roughly $37.07 million.
H.C. Wainwright initiated its Sarepta Therapeutics Inc [SRPT] rating to a Sell in a research note published on November 25, 2024; the price target was $80. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “an Overweight”. Jefferies began covering SRPT with “Buy” recommendation on October 21, 2024.
Price Performance Review of SRPT
On Tuesday, Sarepta Therapeutics Inc [NASDAQ:SRPT] saw its stock jump 13.82% to $130.50. Over the last five days, the stock has gained 22.40%. Sarepta Therapeutics Inc shares have risen nearly 35.33% since the year began. Nevertheless, the stocks have risen 58.03% over the past one year. While a 52-week high of $173.25 was reached on 06/21/24, a 52-week low of $78.67 was recorded on 01/05/24. SMA at 50 days reached $121.90, while 200 days put it at $129.98.
Levels Of Support And Resistance For SRPT Stock
The 24-hour chart illustrates a support level at 120.50, which if violated will result in even more drops to 110.50. On the upside, there is a resistance level at 135.75. A further resistance level may holdings at 141.00. The Relative Strength Index (RSI) on the 14-day chart is 64.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.10%. Stochastics %K at 57.18% indicates the stock is a holding.
How much short interest is there in Sarepta Therapeutics Inc?
A steep rise in short interest was recorded in Sarepta Therapeutics Inc stocks on 2024-11-15, dropping by -0.61 million shares to a total of 5.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.66 million shares. There was a decline of -12.17%, which implies that there is a negative sentiment for the stock.
