89bio Inc’s filing revealed 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 $112.83 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 $86550.0.
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 fall -15.89% to $5.77. Over the last five days, the stock has lost -28.59%. 89bio Inc shares have fallen nearly -26.21% since the year began. Nevertheless, the stocks have fallen -46.92% over the past one year. While a 52-week high of $11.84 was reached on 02/05/25, a 52-week low of $5.99 was recorded on 04/04/25. SMA at 50 days reached $9.09, while 200 days put it at $8.40.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 5.28, which if violated will result in even more drops to 4.79. On the upside, there is a resistance level at 6.53. A further resistance level may holdings at 7.29. The Relative Strength Index (RSI) on the 14-day chart is 32.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.16%. Stochastics %K at 12.07% indicates the stock is a buying.
How much short interest is there in 89bio Inc?
A steep rise in short interest was recorded in 89bio Inc stocks on 2025-03-14, growing by 1.87 million shares to a total of 11.01 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 9.13 million shares. There was a rise of 17.01%, which implies that there is a positive sentiment for the stock.
