Edgewise Therapeutics Inc’s recent filing unveils that its Chief Scientific Officer Russell Alan J unloaded Company’s shares for reported $2.12 million on Sep 20 ’24. In the deal valued at $28.27 per share,75,000 shares were sold. As a result of this transaction, Russell Alan J now holds 12,719 shares worth roughly $0.38 million.
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Then, MOORE JOHN R sold 50,000 shares, generating $1,418,510 in total proceeds. Upon selling the shares at $28.37, the General Counsel now owns 3,252 shares.
Before that, MOORE JOHN R sold 20,922 shares. Edgewise Therapeutics Inc shares valued at $578,064 were divested by the General Counsel at a price of $27.63 per share. As a result of the transaction, MOORE JOHN R now holds 3,252 shares, worth roughly $98112.84000000001.
Evercore ISI initiated its Edgewise Therapeutics Inc [EWTX] rating to an Outperform in a research note published on November 22, 2024; the price target was $45. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early March with a ‘”an Overweight”‘ rating. Truist began covering EWTX with “Buy” recommendation on May 01, 2023. Goldman revised its rating on August 25, 2022. It rated EWTX as “a Sell” which previously was an “a Neutral”.
Price Performance Review of EWTX
On Tuesday, Edgewise Therapeutics Inc [NASDAQ:EWTX] saw its stock fall -7.71% to $30.17. Over the last five days, the stock has gained 2.41%. Edgewise Therapeutics Inc shares have risen nearly 175.78% since the year began. Nevertheless, the stocks have risen 313.85% over the past one year. While a 52-week high of $38.12 was reached on 11/11/24, a 52-week low of $6.82 was recorded on 01/17/24. SMA at 50 days reached $32.74, while 200 days put it at $22.26.
Levels Of Support And Resistance For EWTX Stock
The 24-hour chart illustrates a support level at 28.97, which if violated will result in even more drops to 27.76. On the upside, there is a resistance level at 32.38. A further resistance level may holdings at 34.58. The Relative Strength Index (RSI) on the 14-day chart is 46.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.71%. Stochastics %K at 37.71% indicates the stock is a holding.
How much short interest is there in Edgewise Therapeutics Inc?
A steep rise in short interest was recorded in Edgewise Therapeutics Inc stocks on 2024-11-29, dropping by -1.55 million shares to a total of 5.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.29 million shares. There was a decline of -26.94%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 13, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $31 price target.
