Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mind Medicine Inc shares valued at $141,958 were sold by Barrow Robert on Dec 26 ’24. At $7.43 per share, Barrow Robert sold 19,106 shares. The insider’s holdings dropped to 526,666 shares worth approximately $3.86 million following the completion of this transaction.
Also, Liao Carrie sold 2,273 shares, netting a total of over 16,888 in proceeds. Following the sale of shares at $7.43 each, the insider now holds 97,270 shares.
Before that, Karlin Dan had sold 6,643 shares from its account. In a trade valued at $49,357, the Chief Medical Officer traded Mind Medicine Inc shares for $7.43 each. Upon closing the transaction, the insider’s holdings decreased to 6,643 shares, worth approximately $2.47 million.
As published in their initiating research note from Evercore ISI on January 28, 2025, Mind Medicine Inc [MNMD] has been an Outperform and the price target has been revised to $23. Analysts at Chardan Capital Markets started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. Earlier on July 24, 2024, ROTH MKM initiated its rating. Their recommendation was “a Buy” for MNMD stock.
Analyzing MNMD Stock Performance
During the last five days, there has been a surge of approximately 4.50%. Over the course of the year, Mind Medicine Inc shares have jumped approximately 5.17%. Shares of the company reached a 52-week high of $8.83 on 01/07/25 and a 52-week low of $6.23 on 01/14/25. A 50-day SMA is recorded $7.29, while a 200-day SMA reached $7.35. Nevertheless, trading volume fell to 1.5 million shares from 1.89 million shares the previous day.
Support And Resistance Levels for Mind Medicine Inc (MNMD)
According to the 24-hour chart, there is a support level at 7.07, which, if violated, would cause prices to drop to 6.81. In the upper region, resistance lies at 7.64. The next price resistance is at 7.95. RSI (Relative Strength Index) is 52.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 41.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
