Nektar Therapeutics’s filing revealed that its Chief R&D Officer Zalevsky Jonathan unloaded Company’s shares for reported $48048.0 on Dec 19 ’24. In the deal valued at $0.94 per share,51,115 shares were sold. As a result of this transaction, Zalevsky Jonathan now holds 326,904 shares worth roughly $0.3 million.
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Then, ROBIN HOWARD W sold 85,035 shares, generating $84,185 in total proceeds. Upon selling the shares at $0.99, the President & CEO now owns 1,110,675 shares.
Before that, ROBIN HOWARD W sold 46,995 shares. Nektar Therapeutics shares valued at $47,465 were divested by the President & CEO at a price of $1.01 per share. As a result of the transaction, ROBIN HOWARD W now holds 1,195,710 shares, worth roughly $1.11 million.
H.C. Wainwright initiated its Nektar Therapeutics [NKTR] rating to a Buy in a research note published on December 10, 2024; the price target was $6.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. Rodman & Renshaw started covering the stock on June 28, 2024. It rated NKTR as “a Buy”.
Price Performance Review of NKTR
On Friday, Nektar Therapeutics [NASDAQ:NKTR] saw its stock fall -1.35% to $0.93. Over the last five days, the stock has lost -8.09%. Nektar Therapeutics shares have risen nearly 64.30% since the year began. Nevertheless, the stocks have risen 95.64% over the past one year. While a 52-week high of $1.93 was reached on 05/13/24, a 52-week low of $0.46 was recorded on 01/18/24. SMA at 50 days reached $1.1849, while 200 days put it at $1.2636.
Levels Of Support And Resistance For NKTR Stock
The 24-hour chart illustrates a support level at 0.8989, which if violated will result in even more drops to 0.8694. On the upside, there is a resistance level at 0.9589. A further resistance level may holdings at 0.9894. The Relative Strength Index (RSI) on the 14-day chart is 33.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0688, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.81%. Stochastics %K at 10.93% indicates the stock is a buying.
How much short interest is there in Nektar Therapeutics?
A steep rise in short interest was recorded in Nektar Therapeutics stocks on 2024-11-29, dropping by -0.79 million shares to a total of 4.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.23 million shares. There was a decline of -17.7%, which implies that there is a negative sentiment for the stock.
