Avadel Pharmaceuticals plc ADR’s recently made public that its Chief Financial Officer MCHUGH THOMAS S acquired Company’s shares for reported $29000.0 on Jan 16 ’24. In the deal valued at $14.50 per share,2,000 shares were bought. As a result of this transaction, MCHUGH THOMAS S now holds 80,500 shares worth roughly $1.38 million.
Then, McCamish Mark Anthony sold 75,000 shares, generating $1,089,750 in total proceeds. Upon selling the shares at $14.53, the Director now owns 67,025 shares.
Before that, MCHUGH THOMAS S bought 2,000 shares. Avadel Pharmaceuticals plc ADR shares valued at $28,900 were divested by the Chief Financial Officer at a price of $14.45 per share. As a result of the transaction, MCHUGH THOMAS S now holds 78,500 shares, worth roughly $1.34 million.
Oppenheimer reiterated its Avadel Pharmaceuticals plc ADR [AVDL] rating to an Outperform in a research note published on March 05, 2024; the price target was $29. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. H.C. Wainwright also remained covering AVDL and reiterated its “Buy” recommendation on March 05, 2024. UBS started covering the stock on February 06, 2024. It rated AVDL as “a Buy”.
Price Performance Review of AVDL
On Monday, Avadel Pharmaceuticals plc ADR [NASDAQ:AVDL] saw its stock jump 2.64% to $17.13. Over the last five days, the stock has gained 2.82%. Avadel Pharmaceuticals plc ADR shares have risen nearly 21.32% since the year began. Nevertheless, the stocks have risen 102.00% over the past one year. While a 52-week high of $17.47 was reached on 03/25/24, a 52-week low of $8.40 was recorded on 03/04/24. SMA at 50 days reached $15.14, while 200 days put it at $13.47. A total of 0.67 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For AVDL Stock
The 24-hour chart illustrates a support level at 16.63, which if violated will result in even more drops to 16.13. On the upside, there is a resistance level at 17.41. A further resistance level may holdings at 17.69. The Relative Strength Index (RSI) on the 14-day chart is 62.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.42%. Stochastics %K at 63.87% indicates the stock is a holding.
How much short interest is there in Avadel Pharmaceuticals plc ADR?
A steep rise in short interest was recorded in Avadel Pharmaceuticals plc ADR stocks on Mar 15, 2024, growing by 1.61 million shares to a total of 10.47 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 8.86 million shares. There was a rise of 15.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.66% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.73.
