T2 Biosystems Inc’s recent filing unveils that its Director Elsbree David B unloaded Company’s shares for reported $133.0 on Sep 13 ’24. In the deal valued at $2.42 per share,55 shares were sold. As a result of this transaction, Elsbree David B now holds 23 shares worth roughly $8.51.
Then, Elsbree David B bought 55 shares, generating $132 in total proceeds.
Alliance Global Partners downgraded its T2 Biosystems Inc [TTOO] rating to a Neutral from a a Buy in a research note published on January 27, 2021; the price target was decreased to $2.40 from $2.60. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. Janney also remained covering TTOO and has decreased its forecast on November 26, 2019 with a “Neutral” recommendation from previously “Buy” rating. Alliance Global Partners revised its rating on August 01, 2019. It rated TTOO as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TTOO
On Friday, T2 Biosystems Inc [NASDAQ:TTOO] saw its stock fall -18.87% to $0.37. Over the last five days, the stock has lost -28.43%. T2 Biosystems Inc shares have fallen nearly -94.18% since the year began. Nevertheless, the stocks have fallen -90.03% over the past one year. While a 52-week high of $8.38 was reached on 02/15/24, a 52-week low of $0.42 was recorded on 12/13/24. SMA at 50 days reached $0.8764, while 200 days put it at $3.1780.
Levels Of Support And Resistance For TTOO Stock
The 24-hour chart illustrates a support level at 0.3257, which if violated will result in even more drops to 0.2863. On the upside, there is a resistance level at 0.4297. A further resistance level may holdings at 0.4943. The Relative Strength Index (RSI) on the 14-day chart is 23.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0730, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.99%. Stochastics %K at 10.74% indicates the stock is a buying.
How much short interest is there in T2 Biosystems Inc?
A steep rise in short interest was recorded in T2 Biosystems Inc stocks on 2024-10-31, growing by 0.48 million shares to a total of 0.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.36 million shares. There was a rise of 57.43%, which implies that there is a positive sentiment for the stock.
