Crinetics Pharmaceuticals Inc’s recently made public that its President & CEO Struthers Richard Scott unloaded Company’s shares for reported $0.58 million on Dec 02 ’24. In the deal valued at $57.57 per share,10,000 shares were sold. As a result of this transaction, Struthers Richard Scott now holds 100,000 shares worth roughly $5.66 million.
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Then, Struthers Richard Scott bought 10,000 shares, generating $572,700 in total proceeds.
Before that, Knight Jeff E. sold 501 shares. Crinetics Pharmaceuticals Inc shares valued at $28,317 were divested by the Chief Operating Officer at a price of $56.52 per share. As a result of the transaction, Knight Jeff E. now holds 51,653 shares, worth roughly $2.92 million.
Citigroup initiated its Crinetics Pharmaceuticals Inc [CRNX] rating to a Buy in a research note published on March 06, 2024; the price target was $68. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies began covering CRNX with “Hold” recommendation on December 21, 2023.
Price Performance Review of CRNX
On Monday, Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] saw its stock fall -3.82% to $56.62. Over the last five days, the stock has lost -1.34%. Crinetics Pharmaceuticals Inc shares have risen nearly 59.13% since the year began. Nevertheless, the stocks have risen 69.12% over the past one year. While a 52-week high of $62.53 was reached on 11/14/24, a 52-week low of $32.56 was recorded on 01/05/24. SMA at 50 days reached $56.42, while 200 days put it at $50.00.
Levels Of Support And Resistance For CRNX Stock
The 24-hour chart illustrates a support level at 55.58, which if violated will result in even more drops to 54.55. On the upside, there is a resistance level at 58.64. A further resistance level may holdings at 60.67. The Relative Strength Index (RSI) on the 14-day chart is 48.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.45%. Stochastics %K at 69.79% indicates the stock is a holding.
How much short interest is there in Crinetics Pharmaceuticals Inc?
A steep rise in short interest was recorded in Crinetics Pharmaceuticals Inc stocks on 2024-11-15, dropping by 92674.0 shares to a total of 6.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.59 million shares. There was a decline of -1.43%, which implies that there is a negative sentiment for the stock.
