Longboard Pharmaceuticals Inc’s filing revealed that its CMO Kaye Randall unloaded Company’s shares for reported $0.98 million on Oct 15 ’24. In the deal valued at $59.03 per share,16,667 shares were sold. As a result of this transaction, Kaye Randall now holds 17,920 shares worth roughly $1.07 million.
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Then, Kaye Randall sold 16,666 shares, generating $527,318 in total proceeds. Upon selling the shares at $31.64, the CMO now owns 17,920 shares.
Before that, RANDALL KAYE bought 33,333 shares. Longboard Pharmaceuticals Inc shares valued at $1,143,989 were divested by the Officer at a price of $34.32 per share.
Truist initiated its Longboard Pharmaceuticals Inc [LBPH] rating to a Buy in a research note published on September 10, 2024; the price target was $60. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who remained covering the stock and in early July has reiterated a ‘”an Overweight”‘ rating for it. Robert W. Baird began covering LBPH with “an Outperform” recommendation on May 01, 2024. Citigroup started covering the stock on February 16, 2024. It rated LBPH as “a Buy”.
Price Performance Review of LBPH
On Friday, Longboard Pharmaceuticals Inc [NASDAQ:LBPH] saw its stock jump 0.03% to $59.98. Over the last five days, the stock has gained 0.35%. Longboard Pharmaceuticals Inc shares have risen nearly 894.69% since the year began. Nevertheless, the stocks have risen 1529.89% over the past one year. While a 52-week high of $59.98 was reached on 11/29/24, a 52-week low of $3.60 was recorded on 06/10/24. SMA at 50 days reached $51.49, while 200 days put it at $32.09.
Levels Of Support And Resistance For LBPH Stock
The 24-hour chart illustrates a support level at 59.96, which if violated will result in even more drops to 59.95. On the upside, there is a resistance level at 60.01. A further resistance level may holdings at 60.05. The Relative Strength Index (RSI) on the 14-day chart is 79.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics %K at 94.39% indicates the stock is a selling.
How much short interest is there in Longboard Pharmaceuticals Inc?
A steep rise in short interest was recorded in Longboard Pharmaceuticals Inc stocks on 2024-11-15, dropping by -3.24 million shares to a total of 1.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.17 million shares. There was a decline of -167.77%, which implies that there is a negative sentiment for the stock.
