Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Palatin Technologies Inc shares valued at $8,274 were sold by WILLS STEPHEN T on Aug 01 ’24. At $1.66 per share, WILLS STEPHEN T sold 4,999 shares. The insider’s holdings dropped to 235,456 shares worth approximately $0.24 million following the completion of this transaction.
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Also, DEVEER ROBERT K JR purchased 6,000 shares, netting a total of over 12,703 in proceeds. Following the buying of shares at $2.12 each, the insider now holds 40,845 shares.
Before that, DEVEER ROBERT K JR had sold 11,700 shares from its account. In a trade valued at $23,434, the Director traded Palatin Technologies Inc shares for $2.00 each. Upon closing the transaction, the insider’s holdings decreased to 11,700 shares, worth approximately $34845.0.
As published in a research note from Canaccord Genuity on June 05, 2015, Palatin Technologies Inc [PTN] has been retained to a Buy and the price target has been revised to $6. Analysts at ROTH Capital resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of May 23, 2012, Noble Financial has initiated its “Buy” rating for PTN. Earlier on January 23, 2007, Next Generation initiated its rating. Their recommendation was “a Buy” for PTN stock.
Analyzing PTN Stock Performance
During the last five days, there has been a drop of approximately -6.73%. Over the course of the year, Palatin Technologies Inc shares have dropped approximately -74.92%. Shares of the company reached a 52-week high of $5.6500 on 01/29/24 and a 52-week low of $0.6800 on 09/27/24. A 50-day SMA is recorded $1.0281, while a 200-day SMA reached $1.6104. Nevertheless, trading volume fell to 0.58 million shares from 0.25 million shares the previous day.
Support And Resistance Levels for Palatin Technologies Inc (PTN)
According to the 24-hour chart, there is a support level at 0.9396, which, if violated, would cause prices to drop to 0.8812. In the upper region, resistance lies at 1.0782. The next price resistance is at 1.1584. RSI (Relative Strength Index) is 44.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0499, which suggests the price will decrease in the coming days. Percent R is at 72.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
