In a filing, Arcutis Biotherapeutics Inc revealed its insider Edwards Larry Todd acquired Company’s shares for reported $7767.0 on Nov 30 ’24. In the deal valued at $7.11 per share,1,093 shares were bought. As a result of this transaction, Edwards Larry Todd now holds 137,728 shares worth roughly $2.05 million.
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Then, Matsuda Masaru bought 1,657 shares, generating $11,775 in total proceeds. Upon buying the shares at $7.11, the insider now owns 187,030 shares.
Before that, Matsuda Masaru bought 4,000 shares. Arcutis Biotherapeutics Inc shares valued at $6,768 were divested by the insider at a price of $1.69 per share. As a result of the transaction, Matsuda Masaru now holds 185,373 shares, worth roughly $2.75 million.
Jefferies initiated its Arcutis Biotherapeutics Inc [ARQT] rating to a Buy in a research note published on August 28, 2024; the price target was $15. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Mizuho also remained covering ARQT and has decreased its forecast on October 26, 2023 with a “Neutral” recommendation from previously “Buy” rating. Goldman revised its rating on October 13, 2023. It rated ARQT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARQT
On Tuesday, Arcutis Biotherapeutics Inc [NASDAQ:ARQT] saw its stock jump 9.51% to $14.86. Over the last five days, the stock has gained 13.00%. Arcutis Biotherapeutics Inc shares have risen nearly 360.06% since the year began. Nevertheless, the stocks have risen 509.02% over the past one year. While a 52-week high of $13.60 was reached on 12/17/24, a 52-week low of $2.28 was recorded on 01/02/24. SMA at 50 days reached $10.43, while 200 days put it at $9.79.
Levels Of Support And Resistance For ARQT Stock
The 24-hour chart illustrates a support level at 13.87, which if violated will result in even more drops to 12.87. On the upside, there is a resistance level at 15.44. A further resistance level may holdings at 16.01. The Relative Strength Index (RSI) on the 14-day chart is 73.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.40%. Stochastics %K at 90.00% indicates the stock is a selling.
How much short interest is there in Arcutis Biotherapeutics Inc?
A steep rise in short interest was recorded in Arcutis Biotherapeutics Inc stocks on 2024-11-29, dropping by -4.23 million shares to a total of 23.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 27.76 million shares. There was a decline of -17.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 07, 2022 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $46 price target.
