Mannkind Corp’s recent filing unveils that its Director Binder Steven B. unloaded Company’s shares for reported $0.47 million on Nov 22 ’24. In the deal valued at $6.89 per share,67,536 shares were sold. As a result of this transaction, Binder Steven B. now holds 1,075,026 shares worth roughly $7.55 million.
Then, STEVEN B BINDER bought 67,536 shares, generating $465,397 in total proceeds.
Before that, Binder Steven B. sold 67,539 shares. Mannkind Corp shares valued at $456,564 were divested by the Director at a price of $6.76 per share. As a result of the transaction, Binder Steven B. now holds 1,075,026 shares, worth roughly $7.55 million.
Wells Fargo initiated its Mannkind Corp [MNKD] rating to an Overweight in a research note published on December 20, 2024; the price target was $9. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid December from “a Sector perform” to “an Outperform”. Rodman & Renshaw started covering the stock on June 13, 2024. It rated MNKD as “a Buy”.
Price Performance Review of MNKD
On Monday, Mannkind Corp [NASDAQ:MNKD] saw its stock jump 2.48% to $7.02. Over the last five days, the stock has gained 11.96%. Mannkind Corp shares have risen nearly 92.86% since the year began. Nevertheless, the stocks have risen 105.26% over the past one year. While a 52-week high of $7.63 was reached on 11/06/24, a 52-week low of $3.17 was recorded on 02/05/24. SMA at 50 days reached $6.76, while 200 days put it at $5.57.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 6.82, which if violated will result in even more drops to 6.62. On the upside, there is a resistance level at 7.13. A further resistance level may holdings at 7.24. The Relative Strength Index (RSI) on the 14-day chart is 59.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.97%. Stochastics %K at 73.42% indicates the stock is a holding.
How much short interest is there in Mannkind Corp?
A steep rise in short interest was recorded in Mannkind Corp stocks on 2024-11-29, dropping by -1.15 million shares to a total of 41.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 42.87 million shares. There was a decline of -2.77%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.
