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Taking a Closer Look At Chimerix Inc (CMRX) Following Its Recent Trade

Chimerix Inc’s filing revealed that its Officer Michael Andriole acquired Company’s shares for reported $1300.0 on Aug 08 ’24. In the deal valued at $0.87 per share,1,500 shares were bought.

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Then, Andriole Michael T. sold 1,285 shares, generating $1,065 in total proceeds. Upon selling the shares at $0.83, the PRESIDENT AND CEO now owns 462,453 shares.

Before that, Andriole Michael T. sold 1,744 shares. Chimerix Inc shares valued at $1,809 were divested by the PRESIDENT AND CEO at a price of $1.04 per share. As a result of the transaction, Andriole Michael T. now holds 447,021 shares, worth roughly $1.23 million.

Robert W. Baird initiated its Chimerix Inc [CMRX] rating to an Outperform in a research note published on May 23, 2023; the price target was $7. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Maxim Group began covering CMRX with “Buy” recommendation on April 29, 2021.

Price Performance Review of CMRX

On Tuesday, Chimerix Inc [NASDAQ:CMRX] saw its stock jump 219.08% to $2.76. Over the last five days, the stock has gained 220.82%. Chimerix Inc shares have risen nearly 186.75% since the year began. Nevertheless, the stocks have risen 184.51% over the past one year. While a 52-week high of $1.30 was reached on 12/10/24, a 52-week low of $0.75 was recorded on 08/13/24. SMA at 50 days reached $0.9400, while 200 days put it at $0.9500.

Levels Of Support And Resistance For CMRX Stock

The 24-hour chart illustrates a support level at 2.0800, which if violated will result in even more drops to 1.3900. On the upside, there is a resistance level at 3.4200. A further resistance level may holdings at 4.0700. The Relative Strength Index (RSI) on the 14-day chart is 92.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.4700, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.42%. Stochastics %K at 44.51% indicates the stock is a holding.

How much short interest is there in Chimerix Inc?

A steep rise in short interest was recorded in Chimerix Inc stocks on 2024-11-29, dropping by -0.87 million shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.52 million shares. There was a decline of -134.48%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 31, 2021 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $21 price target.

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