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CYCN stock rated a Buy by Truist

Cyclerion Therapeutics Inc’s recent filing unveils that its 10% Owner Slate Path Capital LP unloaded Company’s shares for reported $0.56 million on Nov 21 ’24. In the deal valued at $1.55 per share,357,880 shares were sold. As a result of this transaction, Slate Path Capital LP now holds 0 shares worth roughly $0.0.

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Truist initiated its Cyclerion Therapeutics Inc [CYCN] rating to a Buy in a research note published on October 20, 2021; the price target was $14. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Credit Suisse began covering CYCN with “Neutral” recommendation on June 03, 2019.

Price Performance Review of CYCN

On Tuesday, Cyclerion Therapeutics Inc [NASDAQ:CYCN] saw its stock jump 2.81% to $3.29. Over the last five days, the stock has gained 0.61%. Cyclerion Therapeutics Inc shares have fallen nearly -1.49% since the year began. Nevertheless, the stocks have risen 45.37% over the past one year. While a 52-week high of $9.47 was reached on 12/04/24, a 52-week low of $1.27 was recorded on 11/22/24. SMA at 50 days reached $2.79, while 200 days put it at $2.87.

Levels Of Support And Resistance For CYCN Stock

The 24-hour chart illustrates a support level at 3.06, which if violated will result in even more drops to 2.83. On the upside, there is a resistance level at 3.47. A further resistance level may holdings at 3.65. The Relative Strength Index (RSI) on the 14-day chart is 51.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.10%. Stochastics %K at 14.47% indicates the stock is a buying.

How much short interest is there in Cyclerion Therapeutics Inc?

A steep rise in short interest was recorded in Cyclerion Therapeutics Inc stocks on 2024-10-31, growing by 3685.0 shares to a total of 14439.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10754.0 shares. There was a rise of 25.52%, which implies that there is a positive sentiment for the stock.

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