Cara Therapeutics Inc’s recent filing unveils that its PRESIDENT AND CEO Posner Christopher unloaded Company’s shares for reported $1064.0 on Nov 04 ’24. In the deal valued at $0.29 per share,3,668 shares were sold. As a result of this transaction, Posner Christopher now holds 168,768 shares worth roughly $43879.68.
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Then, Posner Christopher sold 4,149 shares, generating $1,452 in total proceeds. Upon selling the shares at $0.35, the PRESIDENT AND CEO now owns 172,436 shares.
Before that, Posner Christopher sold 3,936 shares. Cara Therapeutics Inc shares valued at $2,952 were divested by the PRESIDENT AND CEO at a price of $0.75 per share. As a result of the transaction, Posner Christopher now holds 176,585 shares, worth roughly $45912.1.
Stifel downgraded its Cara Therapeutics Inc [CARA] rating to a Hold from a a Buy in a research note published on June 13, 2024; the price target was decreased to $1 from $6. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Hold”. H.C. Wainwright also remained covering CARA and has decreased its forecast on June 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on June 13, 2024. It rated CARA as “a Hold” which previously was an “a Buy”.
Price Performance Review of CARA
On Friday, Cara Therapeutics Inc [NASDAQ:CARA] saw its stock jump 0.15% to $0.26. Over the last five days, the stock has lost -1.50%. Cara Therapeutics Inc shares have fallen nearly -64.74% since the year began. Nevertheless, the stocks have fallen -78.17% over the past one year. While a 52-week high of $1.31 was reached on 03/04/24, a 52-week low of $0.24 was recorded on 06/20/24. SMA at 50 days reached $0.2857, while 200 days put it at $0.4789.
Levels Of Support And Resistance For CARA Stock
The 24-hour chart illustrates a support level at 0.2436, which if violated will result in even more drops to 0.2252. On the upside, there is a resistance level at 0.2787. A further resistance level may holdings at 0.2954. The Relative Strength Index (RSI) on the 14-day chart is 39.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0164, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.83%. Stochastics %K at 18.37% indicates the stock is a buying.
How much short interest is there in Cara Therapeutics Inc?
A steep rise in short interest was recorded in Cara Therapeutics Inc stocks on 2024-10-31, growing by 0.11 million shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.83 million shares. There was a rise of 11.71%, which implies that there is a positive sentiment for the stock.
