Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ventyx Biosciences Inc shares valued at $23,299 were sold by Mohan Raju on Apr 02 ’24. At $5.40 per share, Mohan Raju sold 4,312 shares. The insider’s holdings dropped to 1,578,250 shares worth approximately $6.87 million following the completion of this transaction.
Also, Krueger Christopher W sold 1,651 shares, netting a total of over 8,921 in proceeds. Following the sale of shares at $5.40 each, the insider now holds 284,999 shares.
Before that, Nuss John had sold 1,651 shares from its account. In a trade valued at $8,921, the CHIEF SCIENTIFIC OFFICER traded Ventyx Biosciences Inc shares for $5.40 each. Upon closing the transaction, the insider’s holdings decreased to 1,651 shares, worth approximately $1.15 million.
As published in a research note from Wells Fargo on March 12, 2024, Ventyx Biosciences Inc [VTYX] has been rated up from an Equal weight to an Overweight and the price target has been revised to $16 from $7. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of November 07, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VTYX. Earlier on November 07, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for VTYX stock which previously was a “a Buy”.
Analyzing VTYX Stock Performance
During the last five days, there has been a drop of approximately -5.43%. Over the course of the year, Ventyx Biosciences Inc shares have jumped approximately 76.11%. Shares of the company reached a 52-week high of $11.48 on 03/08/24 and a 52-week low of $1.87 on 01/19/24. A 50-day SMA is recorded $5.81, while a 200-day SMA reached $15.41. Nevertheless, trading volume fell to 0.85 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Ventyx Biosciences Inc (VTYX)
According to the 24-hour chart, there is a support level at 4.23, which, if violated, would cause prices to drop to 4.11. In the upper region, resistance lies at 4.47. The next price resistance is at 4.60. RSI (Relative Strength Index) is 34.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 93.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
