Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Molecular Templates Inc shares valued at $845,833 were sold by BIOTECH TARGET N V on Nov 14 ’24. At $0.66 per share, BIOTECH TARGET N V sold 1,279,820 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, BIOTECH TARGET N V purchased 250,000 shares, netting a total of over 587,500 in proceeds. Following the buying of shares at $2.35 each, the insider now holds 1,279,820 shares.
As published in their initiating research note from BofA Securities on April 21, 2021, Molecular Templates Inc [MTEM] has been a Buy and the price target has been revised to $12. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early February. As of September 08, 2020, Jefferies has initiated its “Buy” rating for MTEM. Earlier on March 25, 2020, Stifel initiated its rating. Their recommendation was “a Buy” for MTEM stock.
Analyzing MTEM Stock Performance
During the last five days, there has been a drop of approximately -13.37%. Over the course of the year, Molecular Templates Inc shares have dropped approximately -90.62%. Shares of the company reached a 52-week high of $4.1200 on 03/04/24 and a 52-week low of $0.2950 on 10/14/24. A 50-day SMA is recorded $0.4904, while a 200-day SMA reached $1.2811. Nevertheless, trading volume fell to 2.13 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Molecular Templates Inc (MTEM)
According to the 24-hour chart, there is a support level at 0.3392, which, if violated, would cause prices to drop to 0.3285. In the upper region, resistance lies at 0.3653. The next price resistance is at 0.3807. RSI (Relative Strength Index) is 41.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0434, which suggests the price will decrease in the coming days. Percent R is at 95.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
