Arvinas Inc.’s recent filing unveils that its Chief Medical Officer Peck Ronald unloaded Company’s shares for reported $32289.0 on Aug 11. In the deal valued at $24.39 per share,1,324 shares were sold. As a result of this transaction, Peck Ronald now holds 29,965 shares worth roughly $ 0.81 million.
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Then, Houston John G sold 5,878 shares, generating $173,577 in total proceeds. Upon selling the shares at $29.53, the President and CEO now owns 917,427 shares.
Before that, Cassidy Sean A sold 1,745 shares. Arvinas Inc. shares valued at $51,530 were divested by the Chief Financial Officer at a price of $29.53 per share. As a result of the transaction, Cassidy Sean A now holds 183,618 shares, worth roughly $4.96 million.
PT values the company’s stock at a premium of 71.59 to its Friday closing price.
Price Performance Review of ARVN
On Friday, Arvinas Inc. [NASDAQ:ARVN] saw its stock jump 5.27% to $26.99. On the same session, the stock had its day’s lowest price of $24.85, but rose to a high of $27.14. Over the last five days, the stock has gained 0.33%. Arvinas Inc. shares have fallen nearly -21.10% since the year began. Nevertheless, the stocks have fallen -41.97% over the past one year. While a 52-week high of $57.96 was reached on 02/08/23, a 52-week low of $21.21 was recorded on 05/31/23. SMA at 50 days reached $24.98, while 200 days put it at $29.95. A total of 1.95 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For ARVN Stock
The 24-hour chart illustrates a support level at 25.51, which if violated will result in even more drops to 24.04. On the upside, there is a resistance level at 27.80. A further resistance level may holdings at 28.62. The Relative Strength Index (RSI) on the 14-day chart is 61.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.65%. Stochastics %K at 77.13% indicates the stock is a holding.
How much short interest is there in Arvinas Inc.?
A steep rise in short interest was recorded in Arvinas Inc. stocks on Aug 14, 2023, dropping by 90000.0 shares to a total of 2.77 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.86 million shares. There was a decline of -3.25%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.96% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.23.
Arvinas Inc. [ARVN] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,386,522 shares, or roughly 8.22% of the outstanding ARVN shares. In other words, the investor’s shares have risen by 21,802 from its previous 13-F filing of 4364720.0. Additionally, EcoR1 Capital, LLC increased 8.07% of its stake after which the total value it holdings stand at $99,319,719, while BlackRock Fund Advisors added 5.34% of its stake to hold $88.9 million in the firm. Over the last quarter, Fidelity Management & Research Co sold -592,753 shares of Arvinas Inc., while Avidity Partners Management LP sold -1,500,711 shares. At present, T. Rowe Price Associates, Inc. is holding 2,613,622 shares valued at $64.61 million. Bellevue Asset Management AG owned 2,127,000 shares of the company at the time of its most recent 13F filing, worth $52.58 million.
According to FactSet, Arvinas Inc.’s share price will average $63.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 165.21 percent from its previous closing price of $25.64. Analysts expect Arvinas Inc. stock to reach the higher price of $95.00, while the lowest price estimate is $27.00. However, 19 analysts have rated ARVN stock as an Overweight in their predictions for 2023.