Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Corcept Therapeutics Inc shares valued at $1,007,800 were purchased by Maduck Sean on Jan 02 ’25. At $50.39 per share, Maduck Sean acquired 20,000 shares.
Also, Robb Gary Charles purchased 11,000 shares, netting a total of over 554,986 in proceeds.
Before that, Lyon Joseph Douglas had added 5,000 shares to its account. In a trade valued at $251,693, the Officer bought Corcept Therapeutics Inc shares for $50.34 each.
As published in a research note from Truist on November 06, 2023, Corcept Therapeutics Inc [CORT] has been rated up from a Hold to a Buy and the price target has been revised to $38 from $29. Analysts at SVB Securities started covering the stock with ‘”a Market perform”‘ outlook in a report released in mid April. As of April 04, 2023, Piper Sandler has initiated its “an Overweight” rating for CORT. Earlier on February 15, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for CORT stock which previously was a “a Buy”.
Analyzing CORT Stock Performance
During the last five days, there has been a drop of approximately -4.22%. Over the course of the year, Corcept Therapeutics Inc shares have dropped approximately -0.83%. Shares of the company reached a 52-week high of $52.00 on 01/02/25 and a 52-week low of $49.42 on 01/02/25. A 50-day SMA is recorded $54.16, while a 200-day SMA reached $38.01. Nevertheless, trading volume fell to 0.84 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Corcept Therapeutics Inc (CORT)
According to the 24-hour chart, there is a support level at 48.93, which, if violated, would cause prices to drop to 47.88. In the upper region, resistance lies at 51.51. The next price resistance is at 53.04. RSI (Relative Strength Index) is 36.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.29, which suggests the price will decrease in the coming days. Percent R is at 94.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
