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The Attractiveness of Investing In Gossamer Bio Inc (GOSS) is Growing

Gossamer Bio Inc’s recently made public that its Chief Medical Officer Aranda Richard unloaded Company’s shares for reported $1260.0 on Jun 24 ’24. In the deal valued at $0.66 per share,1,908 shares were sold. As a result of this transaction, Aranda Richard now holds 196,891 shares worth roughly $0.15 million.

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Then, Hasnain Faheem bought 372,000 shares, generating $250,282 in total proceeds. Upon buying the shares at $0.67, the President & CEO now owns 5,408,073 shares.

Before that, Giraudo Bryan bought 100,000 shares. Gossamer Bio Inc shares valued at $59,110 were divested by the COO/CFO at a price of $0.59 per share. As a result of the transaction, Giraudo Bryan now holds 480,010 shares, worth roughly $0.37 million.

Oppenheimer initiated its Gossamer Bio Inc [GOSS] rating to an Outperform in a research note published on June 25, 2024; the price target was $9. UBS also remained covering GOSS and has decreased its forecast on July 27, 2023 with a “Neutral” recommendation from previously “Buy” rating. Raymond James revised its rating on March 07, 2023. It rated GOSS as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of GOSS

On Monday, Gossamer Bio Inc [NASDAQ:GOSS] saw its stock jump 1.77% to $0.77. Over the last five days, the stock has gained 5.03%. Gossamer Bio Inc shares have fallen nearly -16.00% since the year began. Nevertheless, the stocks have fallen -29.03% over the past one year. While a 52-week high of $1.60 was reached on 03/07/24, a 52-week low of $0.50 was recorded on 06/10/24. SMA at 50 days reached $0.8625, while 200 days put it at $0.9169.

Levels Of Support And Resistance For GOSS Stock

The 24-hour chart illustrates a support level at 0.7477, which if violated will result in even more drops to 0.7288. On the upside, there is a resistance level at 0.7877. A further resistance level may holdings at 0.8088. The Relative Strength Index (RSI) on the 14-day chart is 49.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0353, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.32%. Stochastics %K at 73.36% indicates the stock is a holding.

How much short interest is there in Gossamer Bio Inc?

A steep rise in short interest was recorded in Gossamer Bio Inc stocks on 2024-11-15, dropping by -0.43 million shares to a total of 6.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.95 million shares. There was a decline of -6.51%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 01, 2023 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .

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