Mannkind Corp’s filing revealed that its Director Binder Steven B. unloaded Company’s shares for reported $0.47 million on Nov 22 ’24. In the deal valued at $6.89 per share,67,536 shares were sold. As a result of this transaction, Binder Steven B. now holds 1,075,026 shares worth roughly $ 5.83 million.
Then, STEVEN B BINDER bought 67,536 shares, generating $465,397 in total proceeds.
Before that, Binder Steven B. sold 67,539 shares. Mannkind Corp shares valued at $456,564 were divested by the Director at a price of $6.76 per share. As a result of the transaction, Binder Steven B. now holds 1,075,026 shares, worth roughly $5.83 million.
Wedbush initiated its Mannkind Corp [MNKD] rating to an Outperform in a research note published on February 10, 2025; the price target was $11. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. RBC Capital Mkts also remained covering MNKD and has increased its forecast on December 19, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating.
Price Performance Review of MNKD
On Tuesday, Mannkind Corp [NASDAQ:MNKD] saw its stock unchanged to $5.42. Over the last five days, the stock has lost -3.04%. Mannkind Corp shares have fallen nearly -15.71% since the year began. Nevertheless, the stocks have risen 50.56% over the past one year. While a 52-week high of $7.63 was reached on 01/02/25, a 52-week low of $3.47 was recorded on 02/14/25. SMA at 50 days reached $6.18, while 200 days put it at $5.87.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 5.36, which if violated will result in even more drops to 5.30. On the upside, there is a resistance level at 5.48. A further resistance level may holdings at 5.54. The Relative Strength Index (RSI) on the 14-day chart is 28.07, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.51%. Stochastics %K at 11.16% indicates the stock is a buying.
The most recent change occurred on June 13, 2024 when Rodman & Renshaw began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.
