89bio Inc’s recent filing unveils that its insider Le-Nguyen Quoc unloaded Company’s shares for reported $91208.0 on Apr 15 ’25. In the deal valued at $5.95 per share,15,329 shares were sold. As a result of this transaction, Le-Nguyen Quoc now holds 328,323 shares worth roughly $1.99 million.
Then, QUOC LE-NGUYEN bought 15,329 shares, generating $91,171 in total proceeds.
Before that, RA CAPITAL MANAGEMENT, L.P. bought 5,714,285 shares. 89bio Inc shares valued at $49,999,994 were divested by the Director at a price of $8.75 per share. As a result of the transaction, RA CAPITAL MANAGEMENT, L.P. now holds 19,554,319 shares, worth roughly $118.5 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 Thursday, 89bio Inc [NASDAQ:ETNB] saw its stock jump 2.89% to $6.06. Over the last five days, the stock has gained 21.32%. 89bio Inc shares have fallen nearly -22.51% since the year began. Nevertheless, the stocks have fallen -35.33% over the past one year. While a 52-week high of $11.84 was reached on 02/05/25, a 52-week low of $4.16 was recorded on 04/09/25. SMA at 50 days reached $8.40, while 200 days put it at $8.29.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 5.84, which if violated will result in even more drops to 5.63. On the upside, there is a resistance level at 6.19. A further resistance level may holdings at 6.33. The Relative Strength Index (RSI) on the 14-day chart is 42.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.38%. Stochastics %K at 41.48% 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 2025-03-31, growing by 5.57 million shares to a total of 15.23 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 9.65 million shares. There was a rise of 36.61%, which implies that there is a positive sentiment for the stock.
