Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alkermes plc shares valued at $292,740 were sold by Nichols Christian Todd on Mar 18 ’24. At $28.10 per share, Nichols Christian Todd sold 10,417 shares. The insider’s holdings dropped to 65,911 shares worth approximately $1.57 million following the completion of this transaction.
Also, Parisi Samuel Joseph sold 2,559 shares, netting a total of over 75,874 in proceeds. Following the sale of shares at $29.65 each, the insider now holds 7,717 shares.
Before that, LAURENCIN CATO T had sold 2,690 shares from its account. In a trade valued at $85,676, the Director traded Alkermes plc shares for $31.85 each. Upon closing the transaction, the insider’s holdings decreased to 2,690 shares, worth approximately $0.36 million.
As published in their initiating research note from Robert W. Baird on March 19, 2024, Alkermes plc [ALKS] has been an Outperform and the price target has been revised to $37. Analysts at UBS downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid February. Earlier on October 24, 2023, Evercore ISI upgraded its rating. Their new recommendation was “an Outperform” for ALKS stock which previously was a “an In-line”.
Analyzing ALKS Stock Performance
During the last five days, there has been a drop of approximately -4.92%. Over the course of the year, Alkermes plc shares have dropped approximately -14.35%. Shares of the company reached a 52-week high of $32.88 on 02/16/24 and a 52-week low of $23.62 on 04/18/24. A 50-day SMA is recorded $27.78, while a 200-day SMA reached $27.71. Nevertheless, trading volume fell to 1.8 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Alkermes plc (ALKS)
According to the 24-hour chart, there is a support level at 23.54, which, if violated, would cause prices to drop to 23.32. In the upper region, resistance lies at 24.06. The next price resistance is at 24.36. RSI (Relative Strength Index) is 28.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 96.45%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
