89bio Inc’s recently made public that its Chief Executive Officer PALEKAR ROHAN acquired Company’s shares for reported $39450.0 on Dec 06 ’24. In the deal valued at $7.89 per share,5,000 shares were bought. As a result of this transaction, PALEKAR ROHAN now holds 471,236 shares worth roughly $3.77 million.
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Then, McWherter Charles bought 10,000 shares, generating $80,000 in total proceeds. Upon buying the shares at $8.00, the Director now owns 10,000 shares.
Before that, PALEKAR ROHAN bought 10,000 shares. 89bio Inc shares valued at $83,500 were divested by the Chief Executive Officer at a price of $8.35 per share. As a result of the transaction, PALEKAR ROHAN now holds 466,236 shares, worth roughly $3.73 million.
A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid January from “an Outperform” to “a Sector perform”. Oppenheimer also remained covering ETNB and has decreased its forecast on October 10, 2023 with a “Perform” recommendation from previously “an Outperform” rating. UBS started covering the stock on August 28, 2023. It rated ETNB as “a Buy”.
Price Performance Review of ETNB
On Tuesday, 89bio Inc [NASDAQ:ETNB] saw its stock fall -0.37% to $8.00. Over the last five days, the stock has lost -8.36%. 89bio Inc shares have fallen nearly -28.38% since the year began. Nevertheless, the stocks have fallen -18.86% over the past one year. While a 52-week high of $16.63 was reached on 03/04/24, a 52-week low of $7.00 was recorded on 10/03/24. SMA at 50 days reached $8.35, while 200 days put it at $8.99.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 7.84, which if violated will result in even more drops to 7.68. On the upside, there is a resistance level at 8.22. A further resistance level may holdings at 8.44. The Relative Strength Index (RSI) on the 14-day chart is 42.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.03%. Stochastics %K at 17.61% indicates the stock is a buying.
How much short interest is there in 89bio Inc?
A steep rise in short interest was recorded in 89bio Inc stocks on 2024-11-29, growing by 0.5 million shares to a total of 5.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.38 million shares. There was a rise of 8.43%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 13, 2023 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $49 price target.
