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An Analysis of Catalyst Pharmaceuticals Inc (CPRX)’s Potential Price Growth

In a filing, Catalyst Pharmaceuticals Inc revealed its Chief Op. & Scientific Officer Miller Steve unloaded Company’s shares for reported $1.1 million on Dec 10 ’24. In the deal valued at $21.93 per share,50,000 shares were sold. As a result of this transaction, Miller Steve now holds 686,996 shares worth roughly $14.84 million.

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Then, Miller Steve bought 50,000 shares, generating $1,096,333 in total proceeds.

Before that, INGENITO GARY sold 12,000 shares. Catalyst Pharmaceuticals Inc shares valued at $272,654 were divested by the Chief Med. & Reg. Officer at a price of $22.72 per share. As a result of the transaction, INGENITO GARY now holds 51,391 shares, worth roughly $1.11 million.

Stephens initiated its Catalyst Pharmaceuticals Inc [CPRX] rating to an Overweight in a research note published on November 18, 2024; the price target was $35. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. BofA Securities began covering CPRX with “Buy” recommendation on March 07, 2024. Oppenheimer started covering the stock on December 21, 2023. It rated CPRX as “an Outperform”.

Price Performance Review of CPRX

On Monday, Catalyst Pharmaceuticals Inc [NASDAQ:CPRX] saw its stock jump 1.55% to $21.60. Over the last five days, the stock has lost -0.23%. Catalyst Pharmaceuticals Inc shares have risen nearly 28.49% since the year began. Nevertheless, the stocks have risen 34.41% over the past one year. While a 52-week high of $24.27 was reached on 11/08/24, a 52-week low of $13.12 was recorded on 02/08/24. SMA at 50 days reached $21.76, while 200 days put it at $18.31.

Levels Of Support And Resistance For CPRX Stock

The 24-hour chart illustrates a support level at 21.33, which if violated will result in even more drops to 21.06. On the upside, there is a resistance level at 21.75. A further resistance level may holdings at 21.90. The Relative Strength Index (RSI) on the 14-day chart is 49.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.49%. Stochastics %K at 29.50% indicates the stock is a holding.

How much short interest is there in Catalyst Pharmaceuticals Inc?

A steep rise in short interest was recorded in Catalyst Pharmaceuticals Inc stocks on 2024-11-29, growing by 79191.0 shares to a total of 6.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.01 million shares. There was a rise of 1.3%, which implies that there is a positive sentiment for the stock.

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