The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Beta Bionics Inc shares valued at $566,950 were purchased by Mensinger Mike on Jan 31 ’25. At $17.00 per share, Mensinger Mike acquired 33,350 shares. The insider’s holdings grew to 59,019 shares worth approximately $0.71 million following the completion of this transaction.
Also, Mensinger Mike sold 13 shares, netting a total of over 221 in proceeds. Following the sale of shares at $17.00 each, the insider now holds 25,669 shares.
Before that, Wellington Hadley Harbor Aggre had added 1,000,000 shares to its account. In a trade valued at $17,000,000, the 10% Owner bought Beta Bionics Inc shares for $17.00 each. Upon closing the transaction, the insider’s holdings increased to 1,000,000 shares, worth approximately $47.01 million.
As published in their initiating research note from Stifel on February 24, 2025, Beta Bionics Inc [BBNX] has been a Buy and the price target has been revised to $25. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of February 24, 2025, Leerink Partners has initiated its “an Outperform” rating for BBNX. Earlier on February 24, 2025, Lake Street initiated its rating. Their recommendation was “a Buy” for BBNX stock.
Analyzing BBNX Stock Performance
During the last five days, there has been a drop of approximately -8.37%. Over the course of the year, Beta Bionics Inc shares have dropped approximately -49.01%.
Support And Resistance Levels for Beta Bionics Inc (BBNX)
According to the 24-hour chart, there is a support level at 11.42, which, if violated, would cause prices to drop to 10.78. In the upper region, resistance lies at 12.38. The next price resistance is at 12.70. RSI (Relative Strength Index) is 30.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.21, which suggests the price will decrease in the coming days. Percent R is at 84.25%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
