MoonLake Immunotherapeutics’s recent filing unveils that its Director BVF PARTNERS L P/IL unloaded Company’s shares for reported $100.0 million on Oct 04 ’24. In the deal valued at $50.00 per share,2,000,000 shares were sold. As a result of this transaction, BVF PARTNERS L P/IL now holds 1,287,768 shares worth roughly $67.83 million.
Then, Sturge Simon sold 171,000 shares, generating $9,186,120 in total proceeds. Upon selling the shares at $53.72, the Director now owns 171,980 shares.
Before that, Santos da Silva Jorge sold 62,810 shares. MoonLake Immunotherapeutics shares valued at $3,454,550 were divested by the Chief Executive Officer at a price of $55.00 per share. As a result of the transaction, Santos da Silva Jorge now holds 3,043,619 shares, worth roughly $160.31 million.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Peer perform”. Oppenheimer began covering MLTX with “an Outperform” recommendation on June 25, 2024. Goldman started covering the stock on April 02, 2024. It rated MLTX as “a Neutral”.
Price Performance Review of MLTX
On Tuesday, MoonLake Immunotherapeutics [NASDAQ:MLTX] saw its stock jump 1.02% to $52.67. Over the last five days, the stock has lost -6.45%. MoonLake Immunotherapeutics shares have fallen nearly -12.78% since the year began. Nevertheless, the stocks have fallen -12.44% over the past one year. While a 52-week high of $64.98 was reached on 02/12/24, a 52-week low of $37.55 was recorded on 06/24/24. SMA at 50 days reached $50.92, while 200 days put it at $46.78.
Levels Of Support And Resistance For MLTX Stock
The 24-hour chart illustrates a support level at 51.91, which if violated will result in even more drops to 51.14. On the upside, there is a resistance level at 53.47. A further resistance level may holdings at 54.27. The Relative Strength Index (RSI) on the 14-day chart is 50.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.44%. Stochastics %K at 26.29% indicates the stock is a holding.
How much short interest is there in MoonLake Immunotherapeutics?
A steep rise in short interest was recorded in MoonLake Immunotherapeutics stocks on 2024-11-29, dropping by 66830.0 shares to a total of 8.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.06 million shares. There was a decline of -0.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 15, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $77 price target.
