Recent activity shows that Mountain Crest Acquisition II, BTTX the Insider Confidence level is trending Up due to Corporate Insiders of BTTX Bought $2.5M worth of shares in the last 3 months.
Before you dig into this report it is important to remember that “Insider Buying” is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
“Insider Buying” is not a crime when the buying is based on public information.
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell. That’s why people pay attention to insider buying.
TipRanks.com reports that Mountain Crest Acquisition II currently has n/a analysts offering 12-month price targets and the consensus is a rating with an average price target is n/a . The target pricing ranges from a high forecast of n/a down to a low forecast of n/a. Mountain Crest Acquisition II (BTTX)’s last closing price was 11.5 which would put the average price target at upside.
In addition, TradingView issued a Neutral rating for BTTX over the next month, Barchart.com has a n/a rating and Yahoo! Finance has a short-term outlook.
Mountain Crest Acquisition II, BTTX
Summary: Mountain Crest Acquisition Corp II entered into a definitive agreement and plan of merger for a business combination with Better Therapeutics Inc.
- Last Price: 11.5
- Price Change: -5.64, -32.91%
- Yearly Gain: 74.54%
- Market Cap: 86.91M
- P/E Ratio: -110.6
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