Harmony Biosciences Holdings Inc’s recent filing unveils that its 10% Owner Valor IV Pharma Holdings, LLC unloaded Company’s shares for reported $121.21 million on Nov 01 ’24. In the deal valued at $30.30 per share,4,000,000 shares were sold. As a result of this transaction, Valor IV Pharma Holdings, LLC now holds 7,218,033 shares worth roughly $245.85 million.
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Then, Valor IV Pharma Holdings, LLC sold 600,000 shares, generating $18,181,500 in total proceeds. Upon selling the shares at $30.30, the 10% Owner now owns 6,618,033 shares.
Before that, Marshman Fund Trust II sold 4,000,000 shares. Harmony Biosciences Holdings Inc shares valued at $121,210,000 were divested by the 10% Owner at a price of $30.30 per share. As a result of the transaction, Marshman Fund Trust II now holds 6,651,120 shares, worth roughly $226.54 million.
H.C. Wainwright initiated its Harmony Biosciences Holdings Inc [HRMY] rating to a Buy in a research note published on December 17, 2024; the price target was $75. UBS began covering HRMY with “Buy” recommendation on September 10, 2024. Citigroup started covering the stock on June 21, 2024. It rated HRMY as “a Buy”.
Price Performance Review of HRMY
On Tuesday, Harmony Biosciences Holdings Inc [NASDAQ:HRMY] saw its stock fall -2.55% to $34.06. Over the last five days, the stock has gained 1.28%. Harmony Biosciences Holdings Inc shares have risen nearly 5.45% since the year began. Nevertheless, the stocks have risen 5.97% over the past one year. While a 52-week high of $41.61 was reached on 10/29/24, a 52-week low of $28.14 was recorded on 04/25/24. SMA at 50 days reached $34.19, while 200 days put it at $33.12.
Levels Of Support And Resistance For HRMY Stock
The 24-hour chart illustrates a support level at 33.56, which if violated will result in even more drops to 33.06. On the upside, there is a resistance level at 34.78. A further resistance level may holdings at 35.50. The Relative Strength Index (RSI) on the 14-day chart is 51.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.25%. Stochastics %K at 72.80% indicates the stock is a holding.
How much short interest is there in Harmony Biosciences Holdings Inc?
A steep rise in short interest was recorded in Harmony Biosciences Holdings Inc stocks on 2024-11-29, dropping by -0.61 million shares to a total of 5.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.06 million shares. There was a decline of -11.22%, which implies that there is a negative sentiment for the stock.
