Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ideaya Biosciences Inc shares valued at $1,072,715 were sold by Hata Yujiro S on Feb 09 ’24. At $45.54 per share, Hata Yujiro S sold 23,557 shares. The insider’s holdings dropped to 677,887 shares worth approximately $29.36 million following the completion of this transaction.
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Also, Ruiz Briseno Andres sold 2,000 shares, netting a total of over 92,045 in proceeds. Following the sale of shares at $46.02 each, the insider now holds 24,531 shares.
Before that, Hata Yujiro S had sold 75,815 shares from its account. In a trade valued at $3,422,835, the President and CEO traded Ideaya Biosciences Inc shares for $45.15 each. Upon closing the transaction, the insider’s holdings decreased to 75,815 shares, worth approximately $29.36 million.
As published in their initiating research note from BTIG Research on March 08, 2024, Ideaya Biosciences Inc [IDYA] has been a Buy and the price target has been revised to $55. Analysts at SVB Securities started covering the stock with ‘”an Outperform”‘ outlook in a report released in early August. As of May 24, 2023, Goldman has initiated its “Buy” rating for IDYA. Earlier on April 24, 2023, Stifel upgraded its rating. Their new recommendation was “a Buy” for IDYA stock which previously was a “a Hold”.
Analyzing IDYA Stock Performance
During the last five days, there has been a drop of approximately -3.35%. Over the course of the year, Ideaya Biosciences Inc shares have jumped approximately 21.73%. Shares of the company reached a 52-week high of $47.74 on 02/15/24 and a 52-week low of $33.46 on 01/05/24. A 50-day SMA is recorded $44.28, while a 200-day SMA reached $31.99. Nevertheless, trading volume fell to 0.49 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Ideaya Biosciences Inc (IDYA)
According to the 24-hour chart, there is a support level at 42.72, which, if violated, would cause prices to drop to 42.12. In the upper region, resistance lies at 43.73. The next price resistance is at 44.14. RSI (Relative Strength Index) is 46.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.44, which suggests the price will decrease in the coming days. Percent R is at 77.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Ideaya Biosciences Inc subject to short interest?
Stocks of Ideaya Biosciences Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.48 million shares to 8.82 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 8.34 million shares. A jump of 5.44% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.35 of the overall float, the days-to-cover ratio (short ratio) jumped to 11.35.
