Corbus Pharmaceuticals Holdings Inc’s filing revealed that its 10% Owner Cormorant Asset Management, LP acquired Company’s shares for reported $7.0 million on Sep 20 ’24. In the deal valued at $20.01 per share,350,000 shares were bought. As a result of this transaction, Cormorant Asset Management, LP now holds 2,375,000 shares worth roughly $30.88 million.
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Then, CATLIN AVERY W bought 888 shares, generating $50,109 in total proceeds.
Before that, Moran Sean F. sold 9,355 shares. Corbus Pharmaceuticals Holdings Inc shares valued at $466,569 were divested by the Chief Financial Officer at a price of $49.87 per share. As a result of the transaction, Moran Sean F. now holds 48,605 shares, worth roughly $0.63 million.
Piper Sandler initiated its Corbus Pharmaceuticals Holdings Inc [CRBP] rating to an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. B. Riley Securities started covering the stock on June 26, 2024. It rated CRBP as “a Buy”.
Price Performance Review of CRBP
On Friday, Corbus Pharmaceuticals Holdings Inc [NASDAQ:CRBP] saw its stock fall -2.48% to $13.00. Over the last five days, the stock has lost -13.79%. Corbus Pharmaceuticals Holdings Inc shares have risen nearly 115.23% since the year began. Nevertheless, the stocks have risen 150.00% over the past one year. While a 52-week high of $61.90 was reached on 07/31/24, a 52-week low of $5.09 was recorded on 01/16/24. SMA at 50 days reached $16.87, while 200 days put it at $37.65.
Levels Of Support And Resistance For CRBP Stock
The 24-hour chart illustrates a support level at 12.80, which if violated will result in even more drops to 12.60. On the upside, there is a resistance level at 13.33. A further resistance level may holdings at 13.66. The Relative Strength Index (RSI) on the 14-day chart is 25.10, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.31%. Stochastics %K at 3.88% indicates the stock is a buying.
How much short interest is there in Corbus Pharmaceuticals Holdings Inc?
A steep rise in short interest was recorded in Corbus Pharmaceuticals Holdings Inc stocks on 2024-11-29, growing by 0.13 million shares to a total of 2.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.38 million shares. There was a rise of 5.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 03, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $80.
