A Guide To The Risks Of Investing In Arvinas Inc (ARVN)

Arvinas Inc’s recently made public 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 $1.18 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 $7.25 million.

Wells Fargo upgraded its Arvinas Inc [ARVN] rating to an Overweight from a an Equal weight in a research note published on , December 19, 2023; the price target was increased to $63 from $25.

Price Performance Review of ARVN

On Tuesday, Arvinas Inc [NASDAQ:ARVN] saw its stock fall -0.18% to $39.47. Over the last five days, the stock has gained 8.49%. Arvinas Inc shares have fallen nearly -4.11% since the year began. Nevertheless, the stocks have risen 24.28% over the past one year. While a 52-week high of $42.84 was reached on 01/02/24, a 52-week low of $13.57 was recorded on 01/18/24. SMA at 50 days reached $33.76, while 200 days put it at $25.81. A total of 0.58 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For ARVN Stock

The 24-hour chart illustrates a support level at 38.77, which if violated will result in even more drops to 38.06. On the upside, there is a resistance level at 39.92. A further resistance level may holdings at 40.37. The Relative Strength Index (RSI) on the 14-day chart is 61.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.63%. Stochastics %K at 64.22% 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 Jan 11, 2024, growing by 1.19 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 4.34 million shares. There was a rise of 21.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.97.

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