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. Soleno Therapeutics Inc shares valued at $114,431 were sold by Yen Kristen on Jan 02 ’25. At $45.41 per share, Yen Kristen sold 2,520 shares. The insider’s holdings dropped to 78,945 shares worth approximately $3.83 million following the completion of this transaction.
Also, Yen Kristen sold 2,340 shares, netting a total of over 108,053 in proceeds. Following the sale of shares at $46.18 each, the insider now holds 76,605 shares.
Before that, Mackaness James H had sold 4,083 shares from its account. In a trade valued at $185,406, the CHIEF FINANCIAL OFFICER traded Soleno Therapeutics Inc shares for $45.41 each. Upon closing the transaction, the insider’s holdings decreased to 4,083 shares, worth approximately $5.59 million.
As published in a research note from Stifel on December 02, 2024, Soleno Therapeutics Inc [SLNO] has been retained to a Buy and the price target has been revised to $74. Analysts at Robert W. Baird resumed the stock at ‘”an Outperform”‘ outlook in a report released in early December. As of September 03, 2024, H.C. Wainwright has initiated its “Buy” rating for SLNO. Earlier on May 10, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for SLNO stock.
Analyzing SLNO Stock Performance
During the last five days, there has been a surge of approximately 5.08%. Over the course of the year, Soleno Therapeutics Inc shares have jumped approximately 8.05%. Shares of the company reached a 52-week high of $49.03 on 01/15/25 and a 52-week low of $41.50 on 01/15/25. A 50-day SMA is recorded $50.15, while a 200-day SMA reached $47.28. Nevertheless, trading volume fell to 0.92 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Soleno Therapeutics Inc (SLNO)
According to the 24-hour chart, there is a support level at 43.70, which, if violated, would cause prices to drop to 38.84. In the upper region, resistance lies at 51.23. The next price resistance is at 53.90. RSI (Relative Strength Index) is 55.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.49, which suggests the price will decrease in the coming days. Percent R is at 6.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
