Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Corvus Pharmaceuticals Inc shares valued at $34,624 were purchased by Jones William Benton on May 06 ’24. At $1.73 per share, Jones William Benton acquired 20,000 shares. The insider’s holdings grew to 153,773 shares worth approximately $1.24 million following the completion of this transaction.
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Also, MILLER RICHARD A MD purchased 577,634 shares, netting a total of over 1,000,000 in proceeds. Following the buying of shares at $1.73 each, the insider now holds 577,634 shares.
As published in their initiating research note from Oppenheimer on August 18, 2023, Corvus Pharmaceuticals Inc [CRVS] has been an Outperform and the price target has been revised to $7. As of May 27, 2021, Cantor Fitzgerald has initiated its “an Overweight” rating for CRVS. Earlier on February 10, 2021, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for CRVS stock which previously was a “a Buy”.
Analyzing CRVS Stock Performance
During the last five days, there has been a drop of approximately -0.62%. Over the course of the year, Corvus Pharmaceuticals Inc shares have jumped approximately 359.09%. Shares of the company reached a 52-week high of $10.00 on 11/13/24 and a 52-week low of $1.30 on 04/18/24. A 50-day SMA is recorded $8.01, while a 200-day SMA reached $4.00. Nevertheless, trading volume fell to 0.89 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Corvus Pharmaceuticals Inc (CRVS)
According to the 24-hour chart, there is a support level at 7.92, which, if violated, would cause prices to drop to 7.75. In the upper region, resistance lies at 8.29. The next price resistance is at 8.49. RSI (Relative Strength Index) is 46.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 88.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
