Immunovant Inc’s recent filing unveils that its Director Pande Atul unloaded Company’s shares for reported $0.22 million on Dec 02 ’24. In the deal valued at $28.54 per share,7,750 shares were sold. As a result of this transaction, Pande Atul now holds 86,663 shares worth roughly $2.51 million.
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Then, Hughes Douglas J. sold 5,425 shares, generating $154,830 in total proceeds. Upon selling the shares at $28.54, the Director now owns 119,585 shares.
Before that, DOUGLAS J. HUGHES bought 5,425 shares. Immunovant Inc shares valued at $152,985 were divested by the Officer at a price of $28.20 per share.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer began covering IMVT with “an Outperform” recommendation on March 28, 2024. Goldman started covering the stock on March 13, 2024. It rated IMVT as “a Buy”.
Price Performance Review of IMVT
On Tuesday, Immunovant Inc [NASDAQ:IMVT] saw its stock jump 0.84% to $28.94. Over the last five days, the stock has gained 2.55%. Immunovant Inc shares have fallen nearly -31.31% since the year began. Nevertheless, the stocks have fallen -26.15% over the past one year. While a 52-week high of $45.58 was reached on 01/09/24, a 52-week low of $24.61 was recorded on 11/19/24. SMA at 50 days reached $28.97, while 200 days put it at $29.41.
Levels Of Support And Resistance For IMVT Stock
The 24-hour chart illustrates a support level at 28.47, which if violated will result in even more drops to 28.00. On the upside, there is a resistance level at 29.36. A further resistance level may holdings at 29.77. The Relative Strength Index (RSI) on the 14-day chart is 53.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.90%. Stochastics %K at 86.42% indicates the stock is a selling.
How much short interest is there in Immunovant Inc?
A steep rise in short interest was recorded in Immunovant Inc stocks on 2024-11-29, dropping by -0.44 million shares to a total of 12.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.1 million shares. There was a decline of -3.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 20, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $51 price target.
