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Analyzing Biohaven Ltd (BHVN) After Recent Trading Activity

Biohaven Ltd’s filing revealed that its Director CHILDS JOHN W acquired Company’s shares for reported $1.0 million on Oct 02 ’24. In the deal valued at $47.50 per share,21,052 shares were bought. As a result of this transaction, CHILDS JOHN W now holds 21,052 shares worth roughly $0.81 million.

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Then, Coric Vlad bought 21,052 shares, generating $999,970 in total proceeds. Upon buying the shares at $47.50, the Chief Executive Officer now owns 861,942 shares.

Before that, Bailey Gregory bought 5,000 shares. Biohaven Ltd shares valued at $220,966 were divested by the Director at a price of $44.19 per share. As a result of the transaction, Bailey Gregory now holds 1,620,071 shares, worth roughly $62.32 million.

Jefferies initiated its Biohaven Ltd [BHVN] rating to a Buy in a research note published on September 16, 2024; the price target was $57. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Morgan Stanley began covering BHVN with “an Overweight” recommendation on July 24, 2024. RBC Capital Mkts started covering the stock on February 16, 2024. It rated BHVN as “an Outperform”.

Price Performance Review of BHVN

On Friday, Biohaven Ltd [NYSE:BHVN] saw its stock fall -4.21% to $38.47. Over the last five days, the stock has lost -14.13%. Biohaven Ltd shares have fallen nearly -10.12% since the year began. Nevertheless, the stocks have risen 6.42% over the past one year. While a 52-week high of $62.21 was reached on 03/08/24, a 52-week low of $26.80 was recorded on 05/29/24. SMA at 50 days reached $48.73, while 200 days put it at $43.47.

Levels Of Support And Resistance For BHVN Stock

The 24-hour chart illustrates a support level at 37.38, which if violated will result in even more drops to 36.30. On the upside, there is a resistance level at 39.94. A further resistance level may holdings at 41.42. The Relative Strength Index (RSI) on the 14-day chart is 30.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.99%. Stochastics %K at 12.44% indicates the stock is a buying.

How much short interest is there in Biohaven Ltd?

A steep rise in short interest was recorded in Biohaven Ltd stocks on 2024-11-29, dropping by -1.31 million shares to a total of 7.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.15 million shares. There was a decline of -16.72%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 06, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $59 price target.

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