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. Palatin Technologies Inc shares valued at $8,274 were sold by WILLS STEPHEN T on Aug 01 ’24. At $1.66 per share, WILLS STEPHEN T sold 4,999 shares. The insider’s holdings dropped to 235,456 shares worth approximately $47091.200000000004 following the completion of this transaction.
As published in a research note from Canaccord Genuity on June 05, 2015, Palatin Technologies Inc [PTN] has been retained to a Buy and the price target has been revised to $6. Analysts at ROTH Capital resumed the stock at ‘”a Buy”‘ outlook in a report released in mid January. As of May 23, 2012, Noble Financial has initiated its “Buy” rating for PTN. Earlier on January 23, 2007, Next Generation initiated its rating. Their recommendation was “a Buy” for PTN stock.
Analyzing PTN Stock Performance
During the last five days, there has been a surge of approximately 2.56%. Over the course of the year, Palatin Technologies Inc shares have dropped approximately -81.98%. Shares of the company reached a 52-week high of $1.4500 on 01/06/25 and a 52-week low of $0.1605 on 04/11/25. A 50-day SMA is recorded $0.6084, while a 200-day SMA reached $1.0409.
Support And Resistance Levels for Palatin Technologies Inc (PTN)
According to the 24-hour chart, there is a support level at 0.1882, which, if violated, would cause prices to drop to 0.1765. In the upper region, resistance lies at 0.2063. The next price resistance is at 0.2127. RSI (Relative Strength Index) is 25.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0176, which suggests the price will decrease in the coming days. Percent R is at 88.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
