Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Astria Therapeutics Inc shares valued at $135,939 were sold by Morabito Christopher on Apr 01 ’24. At $13.59 per share, Morabito Christopher sold 10,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, PERCEPTIVE ADVISORS LLC purchased 2,481,350 shares, netting a total of over 29,999,522 in proceeds. Following the buying of shares at $12.09 each, the insider now holds 4,873,721 shares.
Before that, Morabito Christopher had sold 9,200 shares from its account. In a trade valued at $102,552, the Chief Medical Officer traded Astria Therapeutics Inc shares for $11.15 each. Upon closing the transaction, the insider’s holdings decreased to 9,200 shares, worth approximately $0.0.
As published in their initiating research note from Evercore ISI on March 28, 2023, Astria Therapeutics Inc [ATXS] has been an Outperform and the price target has been revised to $18.
Analyzing ATXS Stock Performance
During the last five days, there has been a drop of approximately -5.55%. Over the course of the year, Astria Therapeutics Inc shares have jumped approximately 37.37%. Shares of the company reached a 52-week high of $16.90 on 03/25/24 and a 52-week low of $6.58 on 01/05/24. A 50-day SMA is recorded $13.74, while a 200-day SMA reached $8.98. Nevertheless, trading volume fell to 0.55 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Astria Therapeutics Inc (ATXS)
According to the 24-hour chart, there is a support level at 10.24, which, if violated, would cause prices to drop to 9.94. In the upper region, resistance lies at 11.07. The next price resistance is at 11.60. RSI (Relative Strength Index) is 31.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 97.92%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
