The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Capricor Therapeutics Inc shares valued at $14,999,998 were purchased by Nippon Shinyaku Co Ltd on Sep 20 ’24. At $5.36 per share, Nippon Shinyaku Co Ltd acquired 2,798,507 shares. The insider’s holdings grew to 7,090,351 shares worth approximately $103.02 million following the completion of this transaction.
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As published in their initiating research note from Piper Sandler on October 21, 2024, Capricor Therapeutics Inc [CAPR] has been an Overweight and the price target has been revised to $35. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid May. As of January 05, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for CAPR. Earlier on October 26, 2022, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for CAPR stock.
Analyzing CAPR Stock Performance
During the last five days, there has been a drop of approximately -23.69%. Over the course of the year, Capricor Therapeutics Inc shares have jumped approximately 197.14%. Shares of the company reached a 52-week high of $23.40 on 10/15/24 and a 52-week low of $3.52 on 08/07/24. A 50-day SMA is recorded $18.41, while a 200-day SMA reached $8.49. Nevertheless, trading volume fell to 3.26 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Capricor Therapeutics Inc (CAPR)
According to the 24-hour chart, there is a support level at 13.45, which, if violated, would cause prices to drop to 12.36. In the upper region, resistance lies at 15.71. The next price resistance is at 16.88. RSI (Relative Strength Index) is 38.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.28, which suggests the price will decrease in the coming days. Percent R is at 75.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
