Immunovant Inc’s recent filing unveils that its Officer DOUGLAS J. HUGHES acquired Company’s shares for reported $0.15 million on Dec 02 ’24. In the deal valued at $28.20 per share,5,425 shares were bought.
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Then, ATUL CHANDRA PANDE bought 7,750 shares, generating $218,550 in total proceeds.
Before that, Levine Mark S. sold 3,650 shares. Immunovant Inc shares valued at $92,892 were divested by the Chief Legal Officer at a price of $25.45 per share. As a result of the transaction, Levine Mark S. now holds 319,228 shares, worth roughly $9.01 million.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer began covering IMVT with “an Outperform” recommendation on March 28, 2024. Goldman started covering the stock on March 13, 2024. It rated IMVT as “a Buy”.
Price Performance Review of IMVT
On Tuesday, Immunovant Inc [NASDAQ:IMVT] saw its stock fall -1.98% to $28.22. Over the last five days, the stock has gained 4.95%. Immunovant Inc shares have fallen nearly -33.02% since the year began. Nevertheless, the stocks have fallen -30.41% over the past one year. While a 52-week high of $45.58 was reached on 01/09/24, a 52-week low of $24.61 was recorded on 11/19/24. SMA at 50 days reached $28.95, while 200 days put it at $29.62.
Levels Of Support And Resistance For IMVT Stock
The 24-hour chart illustrates a support level at 27.92, which if violated will result in even more drops to 27.62. On the upside, there is a resistance level at 28.61. A further resistance level may holdings at 29.00. The Relative Strength Index (RSI) on the 14-day chart is 49.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.99%. Stochastics %K at 59.54% indicates the stock is a holding.
How much short interest is there in Immunovant Inc?
A steep rise in short interest was recorded in Immunovant Inc stocks on 2024-11-15, growing by 83719.0 shares to a total of 13.02 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.93 million shares. There was a rise of 0.64%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 20, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $51 price target.
