Mannkind Corp’s recent filing unveils that its Director Binder Steven B. unloaded Company’s shares for reported $0.47 million on Nov 22 ’24. In the deal valued at $6.89 per share,67,536 shares were sold. As a result of this transaction, Binder Steven B. now holds 1,075,026 shares worth roughly $6.49 million.
Then, STEVEN B BINDER bought 67,536 shares, generating $465,397 in total proceeds.
Before that, Binder Steven B. sold 67,539 shares. Mannkind Corp shares valued at $456,564 were divested by the Director at a price of $6.76 per share. As a result of the transaction, Binder Steven B. now holds 1,075,026 shares, worth roughly $6.49 million.
Wells Fargo initiated its Mannkind Corp [MNKD] rating to an Overweight in a research note published on December 20, 2024; the price target was $9. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid December from “a Sector perform” to “an Outperform”. Rodman & Renshaw started covering the stock on June 13, 2024. It rated MNKD as “a Buy”.
Price Performance Review of MNKD
On Tuesday, Mannkind Corp [NASDAQ:MNKD] saw its stock jump 0.50% to $6.04. Over the last five days, the stock has lost -1.47%. Mannkind Corp shares have fallen nearly -6.07% since the year began. Nevertheless, the stocks have risen 80.30% over the past one year. While a 52-week high of $7.63 was reached on 01/02/25, a 52-week low of $3.17 was recorded on 01/17/25. SMA at 50 days reached $6.62, while 200 days put it at $5.72.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 5.96, which if violated will result in even more drops to 5.89. On the upside, there is a resistance level at 6.11. A further resistance level may holdings at 6.19. The Relative Strength Index (RSI) on the 14-day chart is 38.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.58%. Stochastics %K at 22.47% indicates the stock is a holding.
How much short interest is there in Mannkind Corp?
A steep rise in short interest was recorded in Mannkind Corp stocks on 2024-12-31, dropping by -12.91 million shares to a total of 28.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 41.71 million shares. There was a decline of -44.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 10, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $10 price target.
