FibroBiologics Inc’s recently made public that its Chief Executive Officer O’HEERON PETE acquired Company’s shares for reported $16269.0 on Aug 12 ’24. In the deal valued at $1.91 per share,8,500 shares were bought. As a result of this transaction, O’HEERON PETE now holds 6,056,647 shares worth roughly $10.6 million.
Then, Khoja Hamid bought 10,000 shares, generating $19,000 in total proceeds. Upon buying the shares at $1.90, the Chief Scientific Officer now owns 11,250 shares.
Rodman & Renshaw initiated its FibroBiologics Inc [FBLG] rating to a Buy in a research note published on December 12, 2024; the price target was $12. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Maxim Group began covering FBLG with “Buy” recommendation on September 24, 2024.
Price Performance Review of FBLG
On Friday, FibroBiologics Inc [NASDAQ:FBLG] saw its stock fall -8.38% to $1.75. Over the last five days, the stock has lost -6.91%. FibroBiologics Inc shares have fallen nearly -12.50% since the year began. SMA at 50 days reached $2.4416, while 200 days put it at $4.9258.
Levels Of Support And Resistance For FBLG Stock
The 24-hour chart illustrates a support level at 1.6467, which if violated will result in even more drops to 1.5433. On the upside, there is a resistance level at 1.9267. A further resistance level may holdings at 2.1033. The Relative Strength Index (RSI) on the 14-day chart is 37.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1556, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.71%. Stochastics %K at 13.70% indicates the stock is a buying.
How much short interest is there in FibroBiologics Inc?
A steep rise in short interest was recorded in FibroBiologics Inc stocks on 2024-12-31, dropping by -0.23 million shares to a total of 2.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.7 million shares. There was a decline of -9.14%, which implies that there is a negative sentiment for the stock.
