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. Cartesian Therapeutics Inc shares valued at $508,751 were purchased by SPRINGER TIMOTHY A on Apr 10 ’25. At $10.47 per share, SPRINGER TIMOTHY A acquired 48,595 shares. The insider’s holdings grew to 620,175 shares worth approximately $6.51 million following the completion of this transaction.
Also, SPRINGER TIMOTHY A purchased 41,782 shares, netting a total of over 393,947 in proceeds. Following the buying of shares at $9.43 each, the insider now holds 571,580 shares.
Before that, SPRINGER TIMOTHY A had added 36,338 shares to its account. In a trade valued at $391,455, the Director bought Cartesian Therapeutics Inc shares for $10.77 each. Upon closing the transaction, the insider’s holdings increased to 36,338 shares, worth approximately $6.89 million.
As published in their initiating research note from BTIG Research on December 19, 2024, Cartesian Therapeutics Inc [RNAC] has been a Buy and the price target has been revised to $42. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in early August. As of July 02, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for RNAC. Earlier on June 04, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for RNAC stock.
Analyzing RNAC Stock Performance
During the last five days, there has been a surge of approximately 1.35%. Over the course of the year, Cartesian Therapeutics Inc shares have dropped approximately -41.37%. Shares of the company reached a 52-week high of $20.12 on 01/16/25 and a 52-week low of $8.85 on 04/09/25. A 50-day SMA is recorded $15.78, while a 200-day SMA reached $17.45.
Support And Resistance Levels for Cartesian Therapeutics Inc (RNAC)
According to the 24-hour chart, there is a support level at 10.24, which, if violated, would cause prices to drop to 9.97. In the upper region, resistance lies at 10.72. The next price resistance is at 10.93. RSI (Relative Strength Index) is 37.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.35, which suggests the price will decrease in the coming days. Percent R is at 70.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
