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Potential Price Increase for Sana Biotechnology Inc (SANA) After Recent Insider Activity

Sana Biotechnology Inc’s recently made public that its Former CFO Hardy Nathan acquired Company’s shares for reported $0.23 million on Nov 26 ’24. In the deal valued at $2.50 per share,91,607 shares were bought.

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Then, NATHAN HARDY bought 25,933 shares, generating $64,960 in total proceeds.

Before that, NATHAN HARDY bought 45,796 shares. Sana Biotechnology Inc shares valued at $180,807 were divested by the Officer at a price of $3.95 per share.

JMP Securities downgraded its Sana Biotechnology Inc [SANA] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. H.C. Wainwright also remained covering SANA and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Neutral” rating. JMP Securities started covering the stock on September 25, 2023. It rated SANA as “a Mkt outperform”.

Price Performance Review of SANA

On Friday, Sana Biotechnology Inc [NASDAQ:SANA] saw its stock jump 9.02% to $2.78. Over the last five days, the stock has gained 18.30%. Sana Biotechnology Inc shares have fallen nearly -31.86% since the year began. Nevertheless, the stocks have fallen -33.65% over the past one year. While a 52-week high of $12.00 was reached on 03/01/24, a 52-week low of $2.29 was recorded on 11/19/24. SMA at 50 days reached $3.54, while 200 days put it at $6.32.

Levels Of Support And Resistance For SANA Stock

The 24-hour chart illustrates a support level at 2.61, which if violated will result in even more drops to 2.44. On the upside, there is a resistance level at 2.89. A further resistance level may holdings at 3.00. The Relative Strength Index (RSI) on the 14-day chart is 44.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.75%. Stochastics %K at 39.78% indicates the stock is a holding.

How much short interest is there in Sana Biotechnology Inc?

A steep rise in short interest was recorded in Sana Biotechnology Inc stocks on 2024-11-15, growing by 2.09 million shares to a total of 35.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 33.28 million shares. There was a rise of 5.9%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on September 05, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.

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