Ardelyx Inc’s recent filing unveils that its President & CEO RAAB MICHAEL unloaded Company’s shares for reported $11097.0 on Apr 01 ’24. In the deal valued at $7.31 per share,1,518 shares were sold. As a result of this transaction, RAAB MICHAEL now holds 1,318,433 shares worth roughly $8.97 million.
Then, GRAMMER ELIZABETH A sold 86,000 shares, generating $664,978 in total proceeds. Upon selling the shares at $7.73, the insider now owns 312,993 shares.
Before that, Rosenbaum David P. sold 5,183 shares. Ardelyx Inc shares valued at $47,684 were divested by the Chief Development Officer at a price of $9.20 per share. As a result of the transaction, Rosenbaum David P. now holds 175,936 shares, worth roughly $1.2 million.
Leerink Partners initiated its Ardelyx Inc [ARDX] rating to an Outperform in a research note published on April 05, 2024; the price target was $14. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid December with a ‘”a Strong buy”‘ rating. H.C. Wainwright began covering ARDX with “Buy” recommendation on September 07, 2023. Cantor Fitzgerald revised its rating on August 25, 2023. It rated ARDX as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ARDX
On Monday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -3.68% to $6.80. Over the last five days, the stock has lost -7.10%. Ardelyx Inc shares have risen nearly 9.68% since the year began. Nevertheless, the stocks have risen 42.26% over the past one year. While a 52-week high of $10.13 was reached on 02/12/24, a 52-week low of $3.16 was recorded on 01/03/24. SMA at 50 days reached $8.38, while 200 days put it at $5.68. A total of 5.54 million shares were traded, compared to the trading of 5.57 million shares in the previous session.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 6.62, which if violated will result in even more drops to 6.44. On the upside, there is a resistance level at 7.11. A further resistance level may holdings at 7.42. The Relative Strength Index (RSI) on the 14-day chart is 33.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.54%. Stochastics %K at 25.02% indicates the stock is a holding.
