In a filing, PTC Therapeutics Inc revealed its CHIEF TECHNICAL OPS OFFICER Almstead Neil Gregory unloaded Company’s shares for reported $3.62 million on Dec 02 ’24. In the deal valued at $52.06 per share,69,550 shares were sold. As a result of this transaction, Almstead Neil Gregory now holds 86,202 shares worth roughly $4.14 million.
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Then, Almstead Neil Gregory sold 2,060 shares, generating $107,063 in total proceeds. Upon selling the shares at $51.97, the CHIEF TECHNICAL OPS OFFICER now owns 4,576 shares.
Before that, ZELDIS JEROME B sold 24,000 shares. PTC Therapeutics Inc shares valued at $1,235,897 were divested by the Director at a price of $51.50 per share. As a result of the transaction, ZELDIS JEROME B now holds 14,500 shares, worth roughly $0.7 million.
RBC Capital Mkts upgraded its PTC Therapeutics Inc [PTCT] rating to an Outperform from a a Sector perform in a research note published on December 03, 2024; the price target was increased to $63 from $39. Robert W. Baird began covering PTCT with “an Outperform” recommendation on September 04, 2024.
Price Performance Review of PTCT
On Monday, PTC Therapeutics Inc [NASDAQ:PTCT] saw its stock jump 0.04% to $48.06. Over the last five days, the stock has lost -7.70%. PTC Therapeutics Inc shares have risen nearly 74.38% since the year began. Nevertheless, the stocks have risen 82.88% over the past one year. While a 52-week high of $54.16 was reached on 12/03/24, a 52-week low of $23.58 was recorded on 02/13/24. SMA at 50 days reached $41.55, while 200 days put it at $34.69.
Levels Of Support And Resistance For PTCT Stock
The 24-hour chart illustrates a support level at 46.96, which if violated will result in even more drops to 45.87. On the upside, there is a resistance level at 48.85. A further resistance level may holdings at 49.65. The Relative Strength Index (RSI) on the 14-day chart is 59.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.36%. Stochastics %K at 62.31% indicates the stock is a holding.
How much short interest is there in PTC Therapeutics Inc?
A steep rise in short interest was recorded in PTC Therapeutics Inc stocks on 2024-11-15, growing by 14405.0 shares to a total of 4.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.66 million shares. There was a rise of 0.31%, which implies that there is a positive sentiment for the stock.
