Mind Medicine Inc’s filing revealed that its Chief Executive Officer Barrow Robert unloaded Company’s shares for reported $0.14 million on Dec 26 ’24. In the deal valued at $7.43 per share,19,106 shares were sold. As a result of this transaction, Barrow Robert now holds 526,666 shares worth roughly $4.3 million.
Then, Liao Carrie sold 2,273 shares, generating $16,888 in total proceeds. Upon selling the shares at $7.43, the Chief Accounting Officer now owns 97,270 shares.
Before that, Karlin Dan sold 6,643 shares. Mind Medicine Inc shares valued at $49,357 were divested by the Chief Medical Officer at a price of $7.43 per share. As a result of the transaction, Karlin Dan now holds 338,013 shares, worth roughly $2.76 million.
Evercore ISI initiated its Mind Medicine Inc [MNMD] rating to an Outperform in a research note published on January 28, 2025; the price target was $23. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. ROTH MKM started covering the stock on July 24, 2024. It rated MNMD as “a Buy”.
Price Performance Review of MNMD
On Tuesday, Mind Medicine Inc [NASDAQ:MNMD] saw its stock jump 10.85% to $8.17. Over the last five days, the stock has gained 9.96%. Mind Medicine Inc shares have risen nearly 17.39% since the year began. Nevertheless, the stocks have risen 99.76% over the past one year. While a 52-week high of $12.22 was reached on 01/07/25, a 52-week low of $3.85 was recorded on 01/14/25. SMA at 50 days reached $7.28, while 200 days put it at $7.30.
Levels Of Support And Resistance For MNMD Stock
The 24-hour chart illustrates a support level at 7.65, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 8.48. A further resistance level may holdings at 8.79. The Relative Strength Index (RSI) on the 14-day chart is 60.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.04%. Stochastics %K at 70.20% indicates the stock is a holding.
How much short interest is there in Mind Medicine Inc?
A steep rise in short interest was recorded in Mind Medicine Inc stocks on 2025-01-15, growing by 0.99 million shares to a total of 10.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 9.44 million shares. There was a rise of 9.49%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 29, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $27 price target.
