In a filing, Solid Biosciences Inc revealed its CFO & Treasurer Tan Kevin unloaded Company’s shares for reported $15849.0 on Jan 10 ’25. In the deal valued at $3.89 per share,4,073 shares were sold. As a result of this transaction, Tan Kevin now holds 24,789 shares worth roughly $81060.03.
Then, Ganot Ilan sold 1,056 shares, generating $4,551 in total proceeds. Upon selling the shares at $4.31, the Director now owns 11,445 shares.
Before that, Hanrahan Jessie sold 4,610 shares. Solid Biosciences Inc shares valued at $25,822 were divested by the Chief Regulatory Officer at a price of $5.60 per share. As a result of the transaction, Hanrahan Jessie now holds 14,235 shares, worth roughly $46548.45.
Truist initiated its Solid Biosciences Inc [SLDB] rating to a Buy in a research note published on January 08, 2025; the price target was $16. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. JMP Securities began covering SLDB with “Mkt outperform” recommendation on December 10, 2024. JP Morgan revised its rating on July 15, 2024. It rated SLDB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of SLDB
On Friday, Solid Biosciences Inc [NASDAQ:SLDB] saw its stock jump 0.62% to $3.27. Over the last five days, the stock has lost -11.14%. Solid Biosciences Inc shares have fallen nearly -18.25% since the year began. Nevertheless, the stocks have fallen -59.43% over the past one year. While a 52-week high of $15.05 was reached on 01/08/25, a 52-week low of $3.03 was recorded on 01/14/25. SMA at 50 days reached $4.73, while 200 days put it at $7.25.
Levels Of Support And Resistance For SLDB Stock
The 24-hour chart illustrates a support level at 3.21, which if violated will result in even more drops to 3.14. On the upside, there is a resistance level at 3.33. A further resistance level may holdings at 3.38. The Relative Strength Index (RSI) on the 14-day chart is 31.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.50, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.62%. Stochastics %K at 12.18% indicates the stock is a buying.
How much short interest is there in Solid Biosciences Inc?
A steep rise in short interest was recorded in Solid Biosciences Inc stocks on 2024-12-31, growing by 0.51 million shares to a total of 2.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 1.55 million shares. There was a rise of 24.71%, which implies that there is a positive sentiment for the stock.
