Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 89bio Inc shares valued at $115,280 were sold by Le-Nguyen Quoc on Jul 15 ’25. At $11.02 per share, Le-Nguyen Quoc sold 10,461 shares. The insider’s holdings dropped to 309,364 shares worth approximately $2.66 million following the completion of this transaction.
Also, QUOC LE-NGUYEN purchased 10,461 shares, netting a total of over 115,233 in proceeds.
Before that, Le-Nguyen Quoc had sold 15,329 shares from its account. In a trade valued at $91,208, the insider traded 89bio Inc shares for $5.95 each. Upon closing the transaction, the insider’s holdings decreased to 15,329 shares, worth approximately $2.83 million.
Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid March. As of March 13, 2025, Citigroup has initiated its “Buy” rating for ETNB. Earlier on February 04, 2025, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for ETNB stock.
Analyzing ETNB Stock Performance
On last trading session, 89bio Inc [NASDAQ: ETNB] plunged -6.82% to $8.61. The stock’s lowest price that day was $8.455, but it reached a high of $9.47 in the same session. During the last five days, there has been a drop of approximately -7.82%. Over the course of the year, 89bio Inc shares have dropped approximately -9.37%. Shares of the company reached a 52-week high of $11.84 on 02/05/25 and a 52-week low of $4.16 on 04/09/25.
Support And Resistance Levels for 89bio Inc (ETNB)
According to the 24-hour chart, there is a support level at 8.22, which, if violated, would cause prices to drop to 7.83. In the upper region, resistance lies at 9.23. The next price resistance is at 9.86. RSI (Relative Strength Index) is 38.54 on the 14-day chart, showing neutral technical sentiment.
Is 89bio Inc subject to short interest?
Stocks of 89bio Inc saw a sharp rise in short interest on 2025-08-15 jumping by 0.15 million shares to 15.61 million. Data from Yahoo Finance shows that the short interest on 2025-07-15 was 15.46 million shares. A jump of 0.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.48 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.48.
Which companies own the most shares of 89bio Inc (ETNB)?
In terms of 89bio Inc share price expectations, FactSet research, analysts set an average price target of 25 in the next 12 months, up nearly 170.56% from the previous closing price of $9.24. Analysts anticipate 89bio Inc stock to reach 29 by 2025, with the lowest price target being 12. In spite of this, 8 analysts ranked 89bio Inc stock as Buy at the end of 2025. On April 22, 2024, BofA Securities assigned a price target of “a Buy” to the stock and resumed coverage with a $30.
