In a filing, Shattuck Labs Inc revealed its Director Redmile Group, LLC acquired Company’s shares for reported $0.17 million on Dec 04 ’24. In the deal valued at $1.25 per share,133,371 shares were bought. As a result of this transaction, Redmile Group, LLC now holds 5,539,724 shares worth roughly $6.37 million.
Then, Redmile Group, LLC sold 133,371 shares, generating $166,714 in total proceeds. Upon selling the shares at $1.25, the Director now owns 5,406,353 shares.
Before that, Redmile Group, LLC bought 133,371 shares. Shattuck Labs Inc shares valued at $150,709 were divested by the Director, 10% Stockholder at a price of $1.13 per share.
Needham downgraded its Shattuck Labs Inc [STTK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. H.C. Wainwright also remained covering STTK and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. BTIG Research revised its rating on June 17, 2024. It rated STTK as “a Neutral” which previously was an “a Buy”.
Price Performance Review of STTK
On Friday, Shattuck Labs Inc [NASDAQ:STTK] saw its stock jump 10.58% to $1.15. Over the last five days, the stock has gained 0.88%. Shattuck Labs Inc shares have fallen nearly -83.87% since the year began. Nevertheless, the stocks have fallen -82.17% over the past one year. While a 52-week high of $11.76 was reached on 05/14/24, a 52-week low of $0.94 was recorded on 11/22/24. SMA at 50 days reached $1.2278, while 200 days put it at $4.7891.
Levels Of Support And Resistance For STTK Stock
The 24-hour chart illustrates a support level at 1.0600, which if violated will result in even more drops to 0.9700. On the upside, there is a resistance level at 1.2000. A further resistance level may holdings at 1.2500. The Relative Strength Index (RSI) on the 14-day chart is 46.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1007, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.89%. Stochastics %K at 25.17% indicates the stock is a holding.
How much short interest is there in Shattuck Labs Inc?
A steep rise in short interest was recorded in Shattuck Labs Inc stocks on 2024-10-31, dropping by -3.26 million shares to a total of 2.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.45 million shares. There was a decline of -148.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 31, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
