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The Potential Rise in the Price of Senseonics Holdings Inc (SENS) following insiders activity

Senseonics Holdings Inc’s filing revealed that its Chief Financial Officer Sullivan Frederick T. acquired Company’s shares for reported $47475.0 on Dec 12 ’24. In the deal valued at $0.38 per share,124,933 shares were bought. As a result of this transaction, Sullivan Frederick T. now holds 2,478,844 shares worth roughly $1.12 million.

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Then, Goodnow Timothy T bought 315,000 shares, generating $97,650 in total proceeds. Upon buying the shares at $0.31, the President and CEO now owns 11,310,355 shares.

Jefferies initiated its Senseonics Holdings Inc [SENS] rating to an Underperform in a research note published on July 19, 2023; the price target was $0.50. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in mid August with a ‘”a Buy”‘ rating. SVB Leerink also remained covering SENS and has decreased its forecast on April 01, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on March 05, 2021. It rated SENS as “an Underperform” which previously was an “a Mkt perform”.

Price Performance Review of SENS

On Friday, Senseonics Holdings Inc [AMEX:SENS] saw its stock jump 3.64% to $0.45. Over the last five days, the stock has gained 75.70%. Senseonics Holdings Inc shares have fallen nearly -21.63% since the year began. Nevertheless, the stocks have fallen -29.02% over the past one year. While a 52-week high of $0.75 was reached on 02/26/24, a 52-week low of $0.25 was recorded on 12/06/24. SMA at 50 days reached $0.3298, while 200 days put it at $0.4145.

Levels Of Support And Resistance For SENS Stock

The 24-hour chart illustrates a support level at 0.4092, which if violated will result in even more drops to 0.3716. On the upside, there is a resistance level at 0.5052. A further resistance level may holdings at 0.5636. The Relative Strength Index (RSI) on the 14-day chart is 73.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0938, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.70%. Stochastics %K at 80.85% indicates the stock is a selling.

How much short interest is there in Senseonics Holdings Inc?

A steep rise in short interest was recorded in Senseonics Holdings Inc stocks on 2024-11-29, dropping by -6.33 million shares to a total of 41.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 47.6 million shares. There was a decline of -15.33%, which implies that there is a negative sentiment for the stock.

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