Mannkind Corp’s recently made public 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 $5.51 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 $5.51 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 Monday, Mannkind Corp [NASDAQ:MNKD] saw its stock fall -3.93% to $5.13. Over the last five days, the stock has lost -10.00%. Mannkind Corp shares have fallen nearly -20.22% since the year began. Nevertheless, the stocks have risen 30.87% over the past one year. While a 52-week high of $7.63 was reached on 01/02/25, a 52-week low of $3.97 was recorded on 03/03/25. SMA at 50 days reached $5.97, while 200 days put it at $5.92.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 5.02, which if violated will result in even more drops to 4.90. On the upside, there is a resistance level at 5.32. A further resistance level may holdings at 5.50. The Relative Strength Index (RSI) on the 14-day chart is 30.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.77%. Stochastics %K at 14.38% 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.
