Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kala Bio Inc shares valued at $15,420 were sold by Kharabi Darius on Jan 06 ’25. At $7.63 per share, Kharabi Darius sold 2,021 shares. The insider’s holdings dropped to 67,807 shares worth approximately $0.46 million following the completion of this transaction.
Also, Brazzell Romulus K sold 2,446 shares, netting a total of over 18,663 in proceeds. Following the sale of shares at $7.63 each, the insider now holds 92,418 shares.
Before that, Iwicki Mark T had sold 5,779 shares from its account. In a trade valued at $44,094, the CHIEF EXECUTIVE OFFICER traded Kala Bio Inc shares for $7.63 each. Upon closing the transaction, the insider’s holdings decreased to 5,779 shares, worth approximately $1.91 million.
As published in a research note from JP Morgan on March 30, 2022, Kala Bio Inc [KALA] has been rated down from a Neutral to an Underweight. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of September 14, 2020, Jefferies has decreased its “Buy” rating to a “Hold” for KALA. Earlier on July 23, 2020, Northland Capital initiated its rating. Their recommendation was “an Outperform” for KALA stock.
Analyzing KALA Stock Performance
During the last five days, there has been a drop of approximately -1.73%. Over the course of the year, Kala Bio Inc shares have dropped approximately -1.73%. Shares of the company reached a 52-week high of $8.79 on 01/02/25 and a 52-week low of $6.76 on 01/08/25. A 50-day SMA is recorded $6.74, while a 200-day SMA reached $6.46. Nevertheless, trading volume fell to 66008.0 shares from 45300.0 shares the previous day.
Support And Resistance Levels for Kala Bio Inc (KALA)
According to the 24-hour chart, there is a support level at 6.49, which, if violated, would cause prices to drop to 6.15. In the upper region, resistance lies at 7.43. The next price resistance is at 8.04. RSI (Relative Strength Index) is 50.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 63.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
