Mind Medicine Inc’s filing revealed that its Director GRYSKA DAVID W acquired Company’s shares for reported $17925.0 on Dec 05 ’24. In the deal valued at $7.17 per share,2,500 shares were bought. As a result of this transaction, GRYSKA DAVID W now holds 19,851 shares worth roughly $0.15 million.
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Then, Sullivan, Mark bought 4,430 shares, generating $26,487 in total proceeds.
Before that, Liao Carrie sold 2,352 shares. Mind Medicine Inc shares valued at $14,065 were divested by the Chief Accounting Officer at a price of $5.98 per share. As a result of the transaction, Liao Carrie now holds 99,543 shares, worth roughly $0.74 million.
A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Robert W. Baird began covering MNMD with “an Outperform” recommendation on May 29, 2024. Leerink Partners started covering the stock on April 15, 2024. It rated MNMD as “an Outperform”.
Price Performance Review of MNMD
On Tuesday, Mind Medicine Inc [NASDAQ:MNMD] saw its stock jump 1.08% to $7.48. Over the last five days, the stock has gained 4.62%. Mind Medicine Inc shares have risen nearly 104.37% since the year began. Nevertheless, the stocks have risen 123.28% over the past one year. While a 52-week high of $12.22 was reached on 04/04/24, a 52-week low of $3.27 was recorded on 01/19/24. SMA at 50 days reached $6.98, while 200 days put it at $7.67.
Levels Of Support And Resistance For MNMD Stock
The 24-hour chart illustrates a support level at 7.33, which if violated will result in even more drops to 7.18. On the upside, there is a resistance level at 7.60. A further resistance level may holdings at 7.72. The Relative Strength Index (RSI) on the 14-day chart is 52.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.56%. Stochastics %K at 27.43% indicates the stock is a holding.
How much short interest is there in Mind Medicine Inc?
A steep rise in short interest was recorded in Mind Medicine Inc stocks on 2024-11-29, dropping by -0.28 million shares to a total of 9.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.98 million shares. There was a decline of -2.85%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 05, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
