In a filing, Nektar Therapeutics revealed its Chief Legal Officer Wilson Mark Andrew unloaded Company’s shares for reported $30062.0 on Dec 23 ’24. In the deal valued at $0.90 per share,33,402 shares were sold. As a result of this transaction, Wilson Mark Andrew now holds 351,892 shares worth roughly $0.33 million.
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Then, Wilson Mark Andrew sold 16,560 shares, generating $14,738 in total proceeds. Upon selling the shares at $0.89, the Chief Legal Officer now owns 335,332 shares.
Before that, Wilson Mark Andrew bought 16,560 shares. Nektar Therapeutics shares valued at $14,801 were divested by the Officer at a price of $0.89 per share.
H.C. Wainwright initiated its Nektar Therapeutics [NKTR] rating to a Buy in a research note published on December 10, 2024; the price target was $6.50. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early November with a ‘”an Overweight”‘ rating. Rodman & Renshaw started covering the stock on June 28, 2024. It rated NKTR as “a Buy”.
Price Performance Review of NKTR
On Friday, Nektar Therapeutics [NASDAQ:NKTR] saw its stock fall -0.21% to $0.95. Over the last five days, the stock has gained 0.87%. Nektar Therapeutics shares have risen nearly 68.00% since the year began. Nevertheless, the stocks have risen 84.67% over the past one year. While a 52-week high of $1.93 was reached on 05/13/24, a 52-week low of $0.48 was recorded on 01/18/24. SMA at 50 days reached $1.1521, while 200 days put it at $1.2648.
Levels Of Support And Resistance For NKTR Stock
The 24-hour chart illustrates a support level at 0.9132, which if violated will result in even more drops to 0.8773. On the upside, there is a resistance level at 0.9750. A further resistance level may holdings at 1.0009. The Relative Strength Index (RSI) on the 14-day chart is 39.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0342, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.32%. Stochastics %K at 34.21% indicates the stock is a holding.
How much short interest is there in Nektar Therapeutics?
A steep rise in short interest was recorded in Nektar Therapeutics stocks on 2024-12-13, dropping by -0.73 million shares to a total of 4.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.13 million shares. There was a decline of -16.59%, which implies that there is a negative sentiment for the stock.
