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. Eton Pharmaceuticals Inc shares valued at $79,814 were purchased by Opaleye Management Inc. on Oct 23 ’24. At $7.98 per share, Opaleye Management Inc. acquired 10,000 shares. The insider’s holdings grew to 2,770,000 shares worth approximately $44.98 million following the completion of this transaction.
Also, Opaleye Management Inc. purchased 33,970 shares, netting a total of over 238,782 in proceeds. Following the buying of shares at $7.03 each, the insider now holds 2,760,000 shares.
Before that, Opaleye Management Inc. had added 16,852 shares to its account. In a trade valued at $114,105, the 10% Owner bought Eton Pharmaceuticals Inc shares for $6.77 each. Upon closing the transaction, the insider’s holdings increased to 16,852 shares, worth approximately $44.17 million.
As published in a research note from H.C. Wainwright on January 23, 2025, Eton Pharmaceuticals Inc [ETON] has been retained to a Buy and the price target has been revised to $33. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early January. As of January 06, 2025, H.C. Wainwright has reiterated its “Buy” rating for ETON.
Analyzing ETON Stock Performance
During the last five days, there has been a surge of approximately 13.57%. Over the course of the year, Eton Pharmaceuticals Inc shares have jumped approximately 21.92%. Shares of the company reached a 52-week high of $16.62 on 01/23/25 and a 52-week low of $11.61 on 01/08/25. A 50-day SMA is recorded $12.38, while a 200-day SMA reached $6.58. Nevertheless, trading volume fell to 0.67 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Eton Pharmaceuticals Inc (ETON)
According to the 24-hour chart, there is a support level at 15.13, which, if violated, would cause prices to drop to 14.02. In the upper region, resistance lies at 16.99. The next price resistance is at 17.73. RSI (Relative Strength Index) is 68.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 7.59%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
