FibroBiologics Inc’s filing revealed that its Chief Executive Officer O’HEERON PETE acquired Company’s shares for reported $16269.0 on Aug 12 ’24. In the deal valued at $1.91 per share,8,500 shares were bought. As a result of this transaction, O’HEERON PETE now holds 6,056,647 shares worth roughly $13.99 million.
Then, Khoja Hamid bought 10,000 shares, generating $19,000 in total proceeds. Upon buying the shares at $1.90, the Chief Scientific Officer now owns 11,250 shares.
Rodman & Renshaw initiated its FibroBiologics Inc [FBLG] rating to a Buy in a research note published on December 12, 2024; the price target was $12. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Maxim Group began covering FBLG with “Buy” recommendation on September 24, 2024.
Price Performance Review of FBLG
On Tuesday, FibroBiologics Inc [NASDAQ:FBLG] saw its stock jump 10.00% to $2.31. Over the last five days, the stock has gained 7.44%. FibroBiologics Inc shares have fallen nearly -92.06% since the year began. SMA at 50 days reached $2.72, while 200 days put it at $5.62.
Levels Of Support And Resistance For FBLG Stock
The 24-hour chart illustrates a support level at 2.17, which if violated will result in even more drops to 2.03. On the upside, there is a resistance level at 2.39. A further resistance level may holdings at 2.47. The Relative Strength Index (RSI) on the 14-day chart is 46.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.71%. Stochastics %K at 41.98% indicates the stock is a holding.
How much short interest is there in FibroBiologics Inc?
A steep rise in short interest was recorded in FibroBiologics Inc stocks on 2024-11-29, growing by 0.34 million shares to a total of 2.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.36 million shares. There was a rise of 12.58%, which implies that there is a positive sentiment for the stock.
