Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Avenue Therapeutics Inc. shares valued at $2,999,882 were sold by InvaGen Pharmaceuticals, Inc. on Oct 11. At $7.71 per share, InvaGen Pharmaceuticals, Inc. sold 388,888 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Analyzing ATXI Stock Performance
On Wednesday, Avenue Therapeutics Inc. [NASDAQ: ATXI] plunged -8.51% to $2.15. The stock’s lowest price that day was $2.12, but it reached a high of $2.35 in the same session. During the last five days, there has been a drop of approximately -20.07%. Over the course of the year, Avenue Therapeutics Inc. shares have dropped approximately -84.21%. Shares of the company reached a 52-week high of $18.75 on 03/01/22 and a 52-week low of $2.12 on 11/02/22. A 50-day SMA is recorded $4.25, while a 200-day SMA reached $5.79. Nevertheless, trading volume fell to 0.75 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Avenue Therapeutics Inc. (ATXI)
According to the 24-hour chart, there is a support level at 2.06, which, if violated, would cause prices to drop to 1.98. In the upper region, resistance lies at 2.29. The next price resistance is at 2.44. RSI (Relative Strength Index) is 41.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 98.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Avenue Therapeutics Inc. subject to short interest?
Stocks of Avenue Therapeutics Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by 63890.0 shares to 30100.0. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 93990.0 shares. A decline of -212.26% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.08 of the overall float, the days-to-cover ratio (short ratio) decline to 0.08.
Which companies own the most shares of Avenue Therapeutics Inc. (ATXI)?
According to Heights Capital Management, Inc. filings, the company currently owns 272,700 shares, which is about 6.61% of the total ATXI shares outstanding. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $84,017. In its current portfolio, HRT Financial LLC holds 2,607 shares valued at $26279.0.
In terms of Avenue Therapeutics Inc. share price expectations, FactSet research, analysts set an average price target of $180.00 in the next 12 months, up nearly 7559.57% from the previous closing price of $2.35. Analysts anticipate Avenue Therapeutics Inc. stock to reach $180.00 by 2022, with the lowest price target being $180.00. In spite of this, 1 analysts ranked Avenue Therapeutics Inc. stock as a Hold at the end of 2022.