In a filing, Mind Medicine Inc revealed its Chief Executive Officer Barrow Robert unloaded Company’s shares for reported $0.14 million on Dec 26 ’24. In the deal valued at $7.43 per share,19,106 shares were sold. As a result of this transaction, Barrow Robert now holds 526,666 shares worth roughly $4.05 million.
Then, Liao Carrie sold 2,273 shares, generating $16,888 in total proceeds. Upon selling the shares at $7.43, the Chief Accounting Officer now owns 97,270 shares.
Before that, Karlin Dan sold 6,643 shares. Mind Medicine Inc shares valued at $49,357 were divested by the Chief Medical Officer at a price of $7.43 per share. As a result of the transaction, Karlin Dan now holds 338,013 shares, worth roughly $2.6 million.
Chardan Capital Markets initiated its Mind Medicine Inc [MNMD] rating to a Buy in a research note published on December 20, 2024; the price target was $20. ROTH MKM began covering MNMD with “Buy” recommendation on July 24, 2024. Robert W. Baird started covering the stock on May 29, 2024. It rated MNMD as “an Outperform”.
Price Performance Review of MNMD
On Monday, Mind Medicine Inc [NASDAQ:MNMD] saw its stock jump 7.10% to $7.69. Over the last five days, the stock has gained 12.43%. Mind Medicine Inc shares have risen nearly 10.49% since the year began. Nevertheless, the stocks have risen 101.31% over the past one year. While a 52-week high of $12.22 was reached on 01/03/25, a 52-week low of $3.49 was recorded on 01/02/25. SMA at 50 days reached $7.28, while 200 days put it at $7.59.
Levels Of Support And Resistance For MNMD Stock
The 24-hour chart illustrates a support level at 7.29, which if violated will result in even more drops to 6.89. On the upside, there is a resistance level at 7.96. A further resistance level may holdings at 8.23. The Relative Strength Index (RSI) on the 14-day chart is 55.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.56%. Stochastics %K at 62.57% indicates the stock is a holding.
How much short interest is there in Mind Medicine Inc?
A steep rise in short interest was recorded in Mind Medicine Inc stocks on 2024-12-13, dropping by -0.61 million shares to a total of 9.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.05 million shares. There was a decline of -6.48%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 15, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $20 price target.
