The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Applied Therapeutics Inc shares valued at $1,717,108 were sold by Shendelman Shoshana on Mar 14 ’24. At $5.39 per share, Shendelman Shoshana sold 318,573 shares. The insider’s holdings dropped to 3,817,814 shares worth approximately $18.44 million following the completion of this transaction.
Also, Perfetti Riccardo sold 110,804 shares, netting a total of over 597,234 in proceeds. Following the sale of shares at $5.39 each, the insider now holds 1,031,537 shares.
Before that, Hansard Adam had sold 48,871 shares from its account. In a trade valued at $263,415, the Chief Commercial Officer traded Applied Therapeutics Inc shares for $5.39 each. Upon closing the transaction, the insider’s holdings decreased to 48,871 shares, worth approximately $3.54 million.
As published in their initiating research note from RBC Capital Mkts on March 26, 2024, Applied Therapeutics Inc [APLT] has been an Outperform and the price target has been revised to $12. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of January 04, 2022, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for APLT. Earlier on August 27, 2021, Goldman downgraded its rating. Their new recommendation was “a Sell” for APLT stock which previously was a “a Neutral”.
Analyzing APLT Stock Performance
During the last five days, there has been a drop of approximately -12.18%. Over the course of the year, Applied Therapeutics Inc shares have jumped approximately 44.18%. Shares of the company reached a 52-week high of $9.39 on 02/28/24 and a 52-week low of $1.85 on 01/08/24. A 50-day SMA is recorded $5.58, while a 200-day SMA reached $3.04. Nevertheless, trading volume fell to 0.86 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Applied Therapeutics Inc (APLT)
According to the 24-hour chart, there is a support level at 4.58, which, if violated, would cause prices to drop to 4.32. In the upper region, resistance lies at 5.16. The next price resistance is at 5.48. RSI (Relative Strength Index) is 32.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 92.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
