The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mind Medicine Inc shares valued at $141,958 were sold by Barrow Robert on Dec 26 ’24. At $7.43 per share, Barrow Robert sold 19,106 shares. The insider’s holdings dropped to 526,666 shares worth approximately $3.97 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Liao Carrie sold 2,273 shares, netting a total of over 16,888 in proceeds. Following the sale of shares at $7.43 each, the insider now holds 97,270 shares.
Before that, Karlin Dan had sold 6,643 shares from its account. In a trade valued at $49,357, the Chief Medical Officer traded Mind Medicine Inc shares for $7.43 each. Upon closing the transaction, the insider’s holdings decreased to 6,643 shares, worth approximately $2.55 million.
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 3.01%. Over the course of the year, Mind Medicine Inc shares have jumped approximately 8.33%. Shares of the company reached a 52-week high of $7.59 on 01/02/25 and a 52-week low of $6.97 on 01/02/25. A 50-day SMA is recorded $7.23, while a 200-day SMA reached $7.61. Nevertheless, trading volume fell to 1.18 million shares from 1.11 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 7.14, which, if violated, would cause prices to drop to 6.75. In the upper region, resistance lies at 7.76. The next price resistance is at 7.99. RSI (Relative Strength Index) is 53.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
