89bio Inc’s recently made public that its Director RA CAPITAL MANAGEMENT, L.P. acquired Company’s shares for reported $50.0 million on Jan 30 ’25. In the deal valued at $8.75 per share,5,714,285 shares were bought. As a result of this transaction, RA CAPITAL MANAGEMENT, L.P. now holds 19,554,319 shares worth roughly $165.63 million.
Then, McWherter Charles bought 10,000 shares, generating $67,100 in total proceeds. Upon buying the shares at $6.71, the Director now owns 25,000 shares.
Before that, McWherter Charles bought 5,000 shares. 89bio Inc shares valued at $32,750 were divested by the Director at a price of $6.55 per share. As a result of the transaction, McWherter Charles now holds 15,000 shares, worth roughly $0.13 million.
Goldman initiated its 89bio Inc [ETNB] rating to a Neutral in a research note published on March 14, 2025; the price target was $11. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Wolfe Research began covering ETNB with “an Outperform” recommendation on February 04, 2025.
Price Performance Review of ETNB
On Friday, 89bio Inc [NASDAQ:ETNB] saw its stock jump 3.55% to $8.47. Over the last five days, the stock has gained 7.90%. 89bio Inc shares have risen nearly 8.31% since the year began. Nevertheless, the stocks have fallen -34.19% over the past one year. While a 52-week high of $13.71 was reached on 02/05/25, a 52-week low of $5.99 was recorded on 01/16/25. SMA at 50 days reached $8.79, while 200 days put it at $8.43.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 8.13, which if violated will result in even more drops to 7.78. On the upside, there is a resistance level at 8.69. A further resistance level may holdings at 8.90. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.42%. Stochastics %K at 37.55% indicates the stock is a holding.
How much short interest is there in 89bio Inc?
A steep rise in short interest was recorded in 89bio Inc stocks on 2025-02-28, growing by 1.31 million shares to a total of 9.65 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 8.34 million shares. There was a rise of 13.6%, which implies that there is a positive sentiment for the stock.
