Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Innoviva Inc shares valued at $153,810 were sold by Zhen Marianne on Nov 15 ’23. At $13.99 per share, Zhen Marianne sold 10,994 shares. The insider’s holdings dropped to 40,158 shares worth approximately $0.59 million following the completion of this transaction.
Also, DENNER ALEXANDER J purchased 8,000 shares, netting a total of over 104,384 in proceeds. Following the buying of shares at $13.05 each, the insider now holds 7,215,000 shares.
Before that, DENNER ALEXANDER J had added 7,000 shares to its account. In a trade valued at $91,297, the 10% Owner bought Innoviva Inc shares for $13.04 each. Upon closing the transaction, the insider’s holdings increased to 7,000 shares, worth approximately $105.87 million.
As published in their initiating research note from Goldman on July 20, 2022, Innoviva Inc [INVA] has been a Neutral and the price target has been revised to $16. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November.
Analyzing INVA Stock Performance
During the last five days, there has been a drop of approximately -0.14%. Over the course of the year, Innoviva Inc shares have dropped approximately -8.42%. Shares of the company reached a 52-week high of $16.86 on 01/04/24 and a 52-week low of $14.32 on 04/16/24. A 50-day SMA is recorded $15.09, while a 200-day SMA reached $14.25. Nevertheless, trading volume fell to 0.64 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Innoviva Inc (INVA)
According to the 24-hour chart, there is a support level at 14.52, which, if violated, would cause prices to drop to 14.34. In the upper region, resistance lies at 14.79. The next price resistance is at 14.88. RSI (Relative Strength Index) is 45.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.14, which suggests the price will decrease in the coming days. Percent R is at 62.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
