Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crinetics Pharmaceuticals Inc shares valued at $575,700 were sold by Struthers Richard Scott on Dec 02 ’24. At $57.57 per share, Struthers Richard Scott sold 10,000 shares. The insider’s holdings dropped to 100,000 shares worth approximately $5.71 million following the completion of this transaction.
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Also, Struthers Richard Scott purchased 10,000 shares, netting a total of over 572,700 in proceeds.
Before that, Knight Jeff E. had sold 501 shares from its account. In a trade valued at $28,317, the Chief Operating Officer traded Crinetics Pharmaceuticals Inc shares for $56.52 each. Upon closing the transaction, the insider’s holdings decreased to 501 shares, worth approximately $2.95 million.
As published in their initiating research note from Citigroup on March 06, 2024, Crinetics Pharmaceuticals Inc [CRNX] has been a Buy and the price target has been revised to $68. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid January. As of December 21, 2023, Jefferies has initiated its “Hold” rating for CRNX.
Analyzing CRNX Stock Performance
During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Crinetics Pharmaceuticals Inc shares have jumped approximately 60.51%. Shares of the company reached a 52-week high of $62.53 on 11/14/24 and a 52-week low of $33.67 on 01/05/24. A 50-day SMA is recorded $56.00, while a 200-day SMA reached $49.68. Nevertheless, trading volume fell to 0.59 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Crinetics Pharmaceuticals Inc (CRNX)
According to the 24-hour chart, there is a support level at 56.06, which, if violated, would cause prices to drop to 55.01. In the upper region, resistance lies at 58.55. The next price resistance is at 59.99. RSI (Relative Strength Index) is 51.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 55.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
