In a filing, Karyopharm Therapeutics Inc. revealed its Chief Commercial Officer Cheng Sohanya Roshan unloaded Company’s shares for reported $8075.0 on Jun 13. In the deal valued at $5.21 per share,1,551 shares were sold. As a result of this transaction, Cheng Sohanya Roshan now holds 89,949 shares worth roughly $ 0.47 million.
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Then, PAKIANATHAN DEEPIKA sold 1,307 shares, generating $7,844 in total proceeds. Upon selling the shares at $6.00, the Director now owns 16,673 shares.
Before that, PAKIANATHAN DEEPIKA sold 211,500 shares. Karyopharm Therapeutics Inc. shares valued at $1,307,028 were divested by the Director at a price of $6.18 per share. As a result of the transaction, PAKIANATHAN DEEPIKA now holds 16,686 shares, worth roughly $87601.5.
JP Morgan upgraded its Karyopharm Therapeutics Inc. [KPTI] rating to a Neutral from a an Underweight in a research note published on Friday. PT values the company’s stock at a premium of 34.38 to its Friday closing price. SVB Leerink also remained covering KPTI and has decreased its forecast on August 06, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. RBC Capital Mkts revised its rating on August 06, 2021. It rated KPTI as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of KPTI
On Friday, Karyopharm Therapeutics Inc. [NASDAQ:KPTI] saw its stock jump 0.77% to $5.25. On the same session, the stock had its day’s lowest price of $5.045, but rose to a high of $5.435. Over the last five days, the stock has gained 16.41%. Karyopharm Therapeutics Inc. shares have fallen nearly -18.35% since the year began. Nevertheless, the stocks have fallen -48.38% over the past one year. While a 52-week high of $14.73 was reached on 02/18/22, a 52-week low of $4.02 was recorded on 06/16/22. SMA at 50 days reached $5.53, while 200 days put it at $6.94. A total of 1.97 million shares were traded, compared to the trading of 3.33 million shares in the previous session.
Levels Of Support And Resistance For KPTI Stock
The 24-hour chart illustrates a support level at 5.05, which if violated will result in even more drops to 4.85. On the upside, there is a resistance level at 5.44. A further resistance level may holdings at 5.63. The Relative Strength Index (RSI) on the 14-day chart is 50.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.90%. Stochastics %K at 76.60% indicates the stock is a holding.
How much short interest is there in Karyopharm Therapeutics Inc.?
A steep rise in short interest was recorded in Karyopharm Therapeutics Inc. stocks on Apr 28, 2022, growing by 100000.0 shares to a total of 13.95 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 13.85 million shares. There was a rise of 0.72%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.42.
Karyopharm Therapeutics Inc. [KPTI] – Who Are The Largest Shareholders?
In filings from SSgA Funds Management, Inc., it is revealed that the company now owns 10,966,701 shares, or roughly 13.81% of the outstanding KPTI shares. In other words, the investor’s shares have risen by 5,453,021 from its previous 13-F filing of 5513680.0. Additionally, BlackRock Fund Advisors decreased -8.13% of its stake after which the total value it holdings stand at $35,315,505, while Palo Alto Investors LP added 2.76% of its stake to hold $35.3 million in the firm. Over the last quarter, Commodore Capital LP purchased 450,000 shares of Karyopharm Therapeutics Inc., while The Vanguard Group, Inc. bought 599,916 shares. At present, Rubric Capital Management LP is holding 3,607,443 shares valued at $22.65 million. Iron Triangle Partners LP owned 2,000,000 shares of the company at the time of its most recent 13F filing, worth $12.56 million.
According to FactSet, Karyopharm Therapeutics Inc.’s share price will average $12.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 91.94 percent from its previous closing price of $5.21. Analysts expect Karyopharm Therapeutics Inc. stock to reach the higher price of $21.00, while the lowest price estimate is $5.00. However, 9 analysts have rated KPTI stock as an Overweight in their predictions for 2022.
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