Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Galectin Therapeutics Inc shares valued at $14,200 were purchased by Jamil Khurram on Dec 23 ’24. At $1.04 per share, Jamil Khurram acquired 13,654 shares.
Also, LEWIS JOEL purchased 56,000 shares, netting a total of over 58,240 in proceeds.
Before that, CALLICUTT JACK W had added 40,000 shares to its account. In a trade valued at $41,600, the Officer bought Galectin Therapeutics Inc shares for $1.04 each.
As published in a research note from H.C. Wainwright on August 13, 2020, Galectin Therapeutics Inc [GALT] has been retained to a Buy and the price target has been revised to $12. Analysts at B. Riley FBR started covering the stock with ‘”a Buy”‘ outlook in a report released in mid February. As of December 07, 2017, H.C. Wainwright has reiterated its “Buy” rating for GALT. Earlier on November 28, 2017, H.C. Wainwright resumed its rating. Their recommendation was “a Buy” for GALT stock.
Analyzing GALT Stock Performance
During the last five days, there has been a drop of approximately -60.85%. Over the course of the year, Galectin Therapeutics Inc shares have dropped approximately -50.01%. Shares of the company reached a 52-week high of $4.2684 on 04/12/24 and a 52-week low of $0.7260 on 12/20/24. A 50-day SMA is recorded $2.4400, while a 200-day SMA reached $2.6312. Nevertheless, trading volume fell to 1.7 million shares from 2.79 million shares the previous day.
Support And Resistance Levels for Galectin Therapeutics Inc (GALT)
According to the 24-hour chart, there is a support level at 0.7751, which, if violated, would cause prices to drop to 0.7095. In the upper region, resistance lies at 0.8931. The next price resistance is at 0.9455. RSI (Relative Strength Index) is 18.90 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.8804, which suggests the price will decrease in the coming days. Percent R is at 93.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
