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CPRX Shares Experience Surge in Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Catalyst Pharmaceuticals Inc shares valued at $272,653 were purchased by INGENITO GARY on Nov 27 ’24. At $22.72 per share, INGENITO GARY acquired 12,000 shares.

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Also, Harper Molly purchased 17,500 shares, netting a total of over 385,000 in proceeds.

Before that, Elsbernd Brian had added 13,256 shares to its account. In a trade valued at $286,705, the Officer bought Catalyst Pharmaceuticals Inc shares for $21.63 each.

As published in their initiating research note from Stephens on November 18, 2024, Catalyst Pharmaceuticals Inc [CPRX] has been an Overweight and the price target has been revised to $35. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of March 07, 2024, BofA Securities has initiated its “Buy” rating for CPRX. Earlier on December 21, 2023, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for CPRX stock.

Analyzing CPRX Stock Performance

During the last five days, there has been a surge of approximately 5.63%. Over the course of the year, Catalyst Pharmaceuticals Inc shares have jumped approximately 32.90%. Shares of the company reached a 52-week high of $24.27 on 11/08/24 and a 52-week low of $13.12 on 02/08/24. A 50-day SMA is recorded $21.21, while a 200-day SMA reached $17.73. Nevertheless, trading volume fell to 1.32 million shares from 0.87 million shares the previous day.

Support And Resistance Levels for Catalyst Pharmaceuticals Inc (CPRX)

According to the 24-hour chart, there is a support level at 21.64, which, if violated, would cause prices to drop to 20.94. In the upper region, resistance lies at 23.03. The next price resistance is at 23.72. RSI (Relative Strength Index) is 56.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 50.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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