Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mind Medicine Inc shares valued at $141,979 were purchased by ROBERT B BARROW on Dec 26 ’24. At $7.43 per share, ROBERT B BARROW acquired 19,106 shares.
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Also, MARK SULLIVAN purchased 4,519 shares, netting a total of over 33,581 in proceeds.
Before that, DAN ROLLINGS KARLIN had added 6,643 shares to its account. In a trade valued at $49,365, the Officer bought Mind Medicine Inc shares for $7.43 each.
As published in their initiating research note from Chardan Capital Markets on December 20, 2024, Mind Medicine Inc [MNMD] has been a Buy and the price target has been revised to $20. As of July 24, 2024, ROTH MKM has initiated its “Buy” rating for MNMD. Earlier on May 29, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for MNMD stock.
Analyzing MNMD Stock Performance
During the last five days, there has been a surge of approximately 5.61%. Over the course of the year, Mind Medicine Inc shares have jumped approximately 108.47%. Shares of the company reached a 52-week high of $12.22 on 04/04/24 and a 52-week low of $3.49 on 01/19/24. A 50-day SMA is recorded $7.19, while a 200-day SMA reached $7.65. Nevertheless, trading volume fell to 0.93 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Mind Medicine Inc (MNMD)
According to the 24-hour chart, there is a support level at 7.18, which, if violated, would cause prices to drop to 6.73. In the upper region, resistance lies at 7.87. The next price resistance is at 8.11. RSI (Relative Strength Index) is 55.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 38.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
