The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Clearside Biomedical Inc shares valued at $36,500 were purchased by Chong Ngai Hang Victor on Nov 01 ’24. At $1.00 per share, Chong Ngai Hang Victor acquired 36,500 shares. The insider’s holdings grew to 100,000 shares worth approximately $97000.0 following the completion of this transaction.
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Also, Chong Ngai Hang Victor purchased 23,500 shares, netting a total of over 24,910 in proceeds. Following the buying of shares at $1.06 each, the insider now holds 63,500 shares.
Before that, YERXA BENJAMIN R had added 7,813 shares to its account. In a trade valued at $10,235, the Director bought Clearside Biomedical Inc shares for $1.31 each. Upon closing the transaction, the insider’s holdings increased to 7,813 shares, worth approximately $17418.29.
As published in their initiating research note from Chardan Capital Markets on August 21, 2024, Clearside Biomedical Inc [CLSD] has been a Buy and the price target has been revised to $6. Analysts at Oppenheimer started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. Earlier on July 29, 2021, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for CLSD stock.
Analyzing CLSD Stock Performance
During the last five days, there has been a drop of approximately -3.96%. Over the course of the year, Clearside Biomedical Inc shares have dropped approximately -17.09%. Shares of the company reached a 52-week high of $2.1200 on 03/12/24 and a 52-week low of $0.9200 on 09/05/24. A 50-day SMA is recorded $1.0838, while a 200-day SMA reached $1.2259. Nevertheless, trading volume fell to 0.51 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Clearside Biomedical Inc (CLSD)
According to the 24-hour chart, there is a support level at 0.9533, which, if violated, would cause prices to drop to 0.9367. In the upper region, resistance lies at 1.0033. The next price resistance is at 1.0367. RSI (Relative Strength Index) is 38.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0257, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
