89bio Inc’s recently made public 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 $2.83 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 $168.36 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 Monday, 89bio Inc [NASDAQ:ETNB] saw its stock fall -1.37% to $8.61. Over the last five days, the stock has gained 16.35%. 89bio Inc shares have risen nearly 10.10% since the year began. Nevertheless, the stocks have fallen -1.60% 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 $7.61, while 200 days put it at $8.24.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 8.29, which if violated will result in even more drops to 7.96. On the upside, there is a resistance level at 8.87. A further resistance level may holdings at 9.12. The Relative Strength Index (RSI) on the 14-day chart is 64.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.57%. Stochastics %K at 91.93% indicates the stock is a selling.
