Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arvinas Inc shares valued at $244,472 were sold by Houston John G on Feb 23 ’24. At $47.05 per share, Houston John G sold 5,196 shares. The insider’s holdings dropped to 1,036,681 shares worth approximately $33.73 million following the completion of this transaction.
Also, Cassidy Sean A sold 1,702 shares, netting a total of over 80,079 in proceeds. Following the sale of shares at $47.05 each, the insider now holds 181,916 shares.
Before that, Taylor Ian had sold 1,701 shares from its account. In a trade valued at $80,032, the Chief Scientific Officer traded Arvinas Inc shares for $47.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,701 shares, worth approximately $4.8 million.
As published in a research note from Oppenheimer on February 28, 2024, Arvinas Inc [ARVN] has been retained to an Outperform and the price target has been revised to $80. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 01, 2024, Goldman has initiated its “Buy” rating for ARVN. Earlier on December 19, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for ARVN stock which previously was a “an Equal weight”.
Analyzing ARVN Stock Performance
During the last five days, there has been a drop of approximately -2.72%. Over the course of the year, Arvinas Inc shares have dropped approximately -20.94%. Shares of the company reached a 52-week high of $53.08 on 02/16/24 and a 52-week low of $32.51 on 04/24/24. A 50-day SMA is recorded $42.41, while a 200-day SMA reached $31.08. Nevertheless, trading volume fell to 0.47 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Arvinas Inc (ARVN)
According to the 24-hour chart, there is a support level at 32.09, which, if violated, would cause prices to drop to 31.64. In the upper region, resistance lies at 33.41. The next price resistance is at 34.28. RSI (Relative Strength Index) is 26.24 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 99.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
