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 $3.42 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 $203.56 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 Friday, 89bio Inc [NASDAQ:ETNB] saw its stock jump 8.21% to $10.41. Over the last five days, the stock has gained 1.56%. 89bio Inc shares have risen nearly 33.12% since the year began. Nevertheless, the stocks have risen 19.93% 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.
Levels Of Support And Resistance For ETNB Stock
The 24-hour chart illustrates a support level at 9.55, which if violated will result in even more drops to 8.70. On the upside, there is a resistance level at 10.92. A further resistance level may holdings at 11.44.
How much short interest is there in 89bio Inc?
A steep rise in short interest was recorded in 89bio Inc stocks on 2025-05-30, dropping by -3.38 million shares to a total of 13.93 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 17.31 million shares. There was a decline of -24.24%, which implies that there is a negative sentiment for the stock.
