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 $6.13 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 $6.13 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 Friday, Mannkind Corp [NASDAQ:MNKD] saw its stock fall -1.04% to $5.70. Over the last five days, the stock has gained 5.17%. Mannkind Corp shares have fallen nearly -11.35% since the year began. Nevertheless, the stocks have risen 58.33% 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 $6.09, while 200 days put it at $5.89.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 5.63, which if violated will result in even more drops to 5.55. On the upside, there is a resistance level at 5.81. A further resistance level may holdings at 5.91. The Relative Strength Index (RSI) on the 14-day chart is 45.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.89%. Stochastics %K at 67.60% indicates the stock is a holding.
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.
