In the meantime, Truist upgraded its Sangamo Therapeutics Inc [SGMO] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who remained covering the stock and in early December has reiterated a ‘”a Buy”‘ rating for it. RBC Capital Mkts also remained covering SGMO and has decreased its forecast on November 03, 2023 with a “Sector perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on April 28, 2023. It rated SGMO as “an Underperform” which previously was an “a Neutral”.
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Price Performance Review of SGMO
On Friday, Sangamo Therapeutics Inc [NASDAQ:SGMO] saw its stock jump 7.33% to $2.05. Over the last five days, the stock has gained 1.99%. Sangamo Therapeutics Inc shares have risen nearly 277.32% since the year began. Nevertheless, the stocks have risen 368.25% over the past one year. While a 52-week high of $3.18 was reached on 11/08/24, a 52-week low of $0.30 was recorded on 07/05/24. SMA at 50 days reached $1.77, while 200 days put it at $0.94.
Levels Of Support And Resistance For SGMO Stock
The 24-hour chart illustrates a support level at 1.93, which if violated will result in even more drops to 1.81. On the upside, there is a resistance level at 2.17. A further resistance level may holdings at 2.30. The Relative Strength Index (RSI) on the 14-day chart is 52.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.93%. Stochastics %K at 29.94% indicates the stock is a holding.
How much short interest is there in Sangamo Therapeutics Inc?
A steep rise in short interest was recorded in Sangamo Therapeutics Inc stocks on 2024-11-29, dropping by -4.03 million shares to a total of 14.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 18.98 million shares. There was a decline of -26.95%, which implies that there is a negative sentiment for the stock.
