In a filing, Solid Biosciences Inc revealed its 10% Owner Bain Capital Life Sciences Inv acquired Company’s shares for reported $4.03 million on Feb 19 ’25. In the deal valued at $4.03 per share,1,000,000 shares were bought. As a result of this transaction, Bain Capital Life Sciences Inv now holds 5,034,582 shares worth roughly $28.09 million.
Then, PERCEPTIVE ADVISORS LLC bought 5,000,000 shares, generating $20,150,000 in total proceeds. Upon buying the shares at $4.03, the Director now owns 11,833,539 shares.
Before that, Adage Capital Management, L.P. bought 252,545 shares. Solid Biosciences Inc shares valued at $1,909,240 were divested by the 10% Owner at a price of $7.56 per share. As a result of the transaction, Adage Capital Management, L.P. now holds 4,248,084 shares, worth roughly $23.7 million.
Truist initiated its Solid Biosciences Inc [SLDB] rating to a Buy in a research note published on January 08, 2025; the price target was $16. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. JMP Securities began covering SLDB with “Mkt outperform” recommendation on December 10, 2024. JP Morgan revised its rating on July 15, 2024. It rated SLDB as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of SLDB
On Friday, Solid Biosciences Inc [NASDAQ:SLDB] saw its stock fall -3.46% to $5.58. Over the last five days, the stock has gained 38.46%. Solid Biosciences Inc shares have risen nearly 39.50% since the year began. Nevertheless, the stocks have fallen -44.42% over the past one year. While a 52-week high of $15.05 was reached on 02/18/25, a 52-week low of $2.88 was recorded on 02/07/25. SMA at 50 days reached $3.94, while 200 days put it at $6.50.
Levels Of Support And Resistance For SLDB Stock
The 24-hour chart illustrates a support level at 5.41, which if violated will result in even more drops to 5.23. On the upside, there is a resistance level at 5.89. A further resistance level may holdings at 6.19. The Relative Strength Index (RSI) on the 14-day chart is 66.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.50%. Stochastics %K at 67.28% indicates the stock is a holding.
