CARGO Therapeutics Inc’s filing revealed that its President & CEO Chapman Gina unloaded Company’s shares for reported $0.18 million on Sep 18 ’24. In the deal valued at $25.09 per share,7,166 shares were sold. As a result of this transaction, Chapman Gina now holds 103,905 shares worth roughly $0.38 million.
Then, Chapman Gina sold 2,975 shares, generating $74,457 in total proceeds. Upon selling the shares at $25.03, the President & CEO now owns 103,905 shares.
Before that, Radhakrishnan Anup sold 1,600 shares. CARGO Therapeutics Inc shares valued at $40,452 were divested by the Chief Financial Officer at a price of $25.28 per share. As a result of the transaction, Radhakrishnan Anup now holds 6,446 shares, worth roughly $23850.2.
William Blair downgraded its CARGO Therapeutics Inc [CRGX] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Piper Sandler also remained covering CRGX and has decreased its forecast on January 30, 2025 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan revised its rating on January 30, 2025. It rated CRGX as “an Underweight” which previously was an “an Overweight”.
Price Performance Review of CRGX
On Tuesday, CARGO Therapeutics Inc [NASDAQ:CRGX] saw its stock jump 1.37% to $3.70. Over the last five days, the stock has lost -72.89%. CARGO Therapeutics Inc shares have fallen nearly -74.34% since the year began. Nevertheless, the stocks have fallen -83.56% over the past one year. While a 52-week high of $33.92 was reached on 01/02/25, a 52-week low of $3.00 was recorded on 01/30/25. SMA at 50 days reached $13.91, while 200 days put it at $17.43.
Levels Of Support And Resistance For CRGX Stock
The 24-hour chart illustrates a support level at 3.55, which if violated will result in even more drops to 3.41. On the upside, there is a resistance level at 3.81. A further resistance level may holdings at 3.93. The Relative Strength Index (RSI) on the 14-day chart is 20.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.01%. Stochastics %K at 5.57% indicates the stock is a buying.
How much short interest is there in CARGO Therapeutics Inc?
A steep rise in short interest was recorded in CARGO Therapeutics Inc stocks on 2025-01-15, growing by 1.16 million shares to a total of 7.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 6.05 million shares. There was a rise of 16.13%, which implies that there is a positive sentiment for the stock.
