Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Travere Therapeutics Inc shares valued at $364 were sold by Cline Christopher R. on Apr 11 ’24. At $6.74 per share, Cline Christopher R. sold 54 shares. The insider’s holdings dropped to 70,849 shares worth approximately $0.41 million following the completion of this transaction.
Also, Dube Eric M sold 19,122 shares, netting a total of over 166,435 in proceeds. Following the sale of shares at $8.70 each, the insider now holds 350,600 shares.
Before that, REED ELIZABETH E had sold 4,764 shares from its account. In a trade valued at $41,495, the SVP, GC & CORPORATE SECRETARY traded Travere Therapeutics Inc shares for $8.71 each. Upon closing the transaction, the insider’s holdings decreased to 4,764 shares, worth approximately $0.44 million.
As published in a research note from Guggenheim on March 27, 2024, Travere Therapeutics Inc [TVTX] has been rated down from a Buy to a Neutral. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early December. As of November 20, 2023, Citigroup has initiated its “Neutral” rating for TVTX. Earlier on September 22, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for TVTX stock which previously was a “an Overweight”.
Analyzing TVTX Stock Performance
During the last five days, there has been a drop of approximately -13.30%. Over the course of the year, Travere Therapeutics Inc shares have dropped approximately -35.48%. Shares of the company reached a 52-week high of $10.27 on 01/10/24 and a 52-week low of $5.78 on 04/18/24. A 50-day SMA is recorded $7.64, while a 200-day SMA reached $9.70. Nevertheless, trading volume fell to 0.97 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Travere Therapeutics Inc (TVTX)
According to the 24-hour chart, there is a support level at 5.71, which, if violated, would cause prices to drop to 5.62. In the upper region, resistance lies at 5.95. The next price resistance is at 6.11. RSI (Relative Strength Index) is 24.74 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 98.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
