Madrigal Pharmaceuticals Inc’s filing revealed that its Chief Commercial Officer Huntsman Carole unloaded Company’s shares for reported $0.12 million on Jan 24 ’25. In the deal valued at $335.24 per share,347 shares were sold. As a result of this transaction, Huntsman Carole now holds 10,438 shares worth roughly $3.37 million.
Then, Sibold William John sold 1,584 shares, generating $531,020 in total proceeds. Upon selling the shares at $335.24, the President and CEO now owns 54,303 shares.
Before that, Taub Rebecca sold 648 shares. Madrigal Pharmaceuticals Inc shares valued at $217,236 were divested by the Pres., R&D, and CMO at a price of $335.24 per share. As a result of the transaction, Taub Rebecca now holds 456,662 shares, worth roughly $147.5 million.
Cantor Fitzgerald initiated its Madrigal Pharmaceuticals Inc [MDGL] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. BofA Securities began covering MDGL with “an Underperform” recommendation on April 22, 2024. B. Riley Securities revised its rating on March 15, 2024. It rated MDGL as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MDGL
On Tuesday, Madrigal Pharmaceuticals Inc [NASDAQ:MDGL] saw its stock fall -0.76% to $323.00. Over the last five days, the stock has lost -1.33%. Madrigal Pharmaceuticals Inc shares have risen nearly 4.68% since the year began. Nevertheless, the stocks have risen 45.34% over the past one year. While a 52-week high of $368.29 was reached on 01/31/25, a 52-week low of $168.25 was recorded on 01/15/25. SMA at 50 days reached $316.18, while 200 days put it at $265.89.
Levels Of Support And Resistance For MDGL Stock
The 24-hour chart illustrates a support level at 318.66, which if violated will result in even more drops to 314.31. On the upside, there is a resistance level at 330.69. A further resistance level may holdings at 338.37. The Relative Strength Index (RSI) on the 14-day chart is 52.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.97%. Stochastics %K at 75.92% indicates the stock is a holding.
How much short interest is there in Madrigal Pharmaceuticals Inc?
A steep rise in short interest was recorded in Madrigal Pharmaceuticals Inc stocks on 2025-01-15, dropping by -0.65 million shares to a total of 4.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.73 million shares. There was a decline of -15.93%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 06, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $382 price target.
