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 $5.41 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 $5.41 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 unchanged to $5.03. Over the last five days, the stock has lost -3.82%. Mannkind Corp shares have fallen nearly -21.77% since the year began. Nevertheless, the stocks have risen 8.64% 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 03/10/25. SMA at 50 days reached $5.48, while 200 days put it at $5.97.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 4.93, which if violated will result in even more drops to 4.82. On the upside, there is a resistance level at 5.10. A further resistance level may holdings at 5.16. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.55%. Stochastics %K at 32.45% indicates the stock is a holding.
How much short interest is there in Mannkind Corp?
A steep rise in short interest was recorded in Mannkind Corp stocks on 2025-03-14, growing by 0.85 million shares to a total of 28.59 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 27.74 million shares. There was a rise of 2.97%, which implies that there is a positive sentiment for the stock.
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.
