In a filing, Crinetics Pharmaceuticals Inc revealed its President & CEO Struthers Richard Scott unloaded Company’s shares for reported $0.58 million on Dec 02 ’24. In the deal valued at $57.57 per share,10,000 shares were sold. As a result of this transaction, Struthers Richard Scott now holds 100,000 shares worth roughly $5.46 million.
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Then, Struthers Richard Scott bought 10,000 shares, generating $572,700 in total proceeds.
Before that, Knight Jeff E. sold 501 shares. Crinetics Pharmaceuticals Inc shares valued at $28,317 were divested by the Chief Operating Officer at a price of $56.52 per share. As a result of the transaction, Knight Jeff E. now holds 51,653 shares, worth roughly $2.82 million.
Citigroup initiated its Crinetics Pharmaceuticals Inc [CRNX] rating to a Buy in a research note published on March 06, 2024; the price target was $68. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies began covering CRNX with “Hold” recommendation on December 21, 2023.
Price Performance Review of CRNX
On Monday, Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] saw its stock jump 1.81% to $54.63. Over the last five days, the stock has lost -3.51%. Crinetics Pharmaceuticals Inc shares have risen nearly 53.54% since the year began. Nevertheless, the stocks have risen 56.58% over the past one year. While a 52-week high of $62.53 was reached on 11/14/24, a 52-week low of $32.92 was recorded on 01/05/24. SMA at 50 days reached $56.79, while 200 days put it at $50.36.
Levels Of Support And Resistance For CRNX Stock
The 24-hour chart illustrates a support level at 53.35, which if violated will result in even more drops to 52.07. On the upside, there is a resistance level at 55.41. A further resistance level may holdings at 56.18. The Relative Strength Index (RSI) on the 14-day chart is 44.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.23%. Stochastics %K at 11.22% indicates the stock is a buying.
How much short interest is there in Crinetics Pharmaceuticals Inc?
A steep rise in short interest was recorded in Crinetics Pharmaceuticals Inc stocks on 2024-11-29, dropping by -0.93 million shares to a total of 6.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.94 million shares. There was a decline of -15.53%, which implies that there is a negative sentiment for the stock.
