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Checking in on Vanda Pharmaceuticals Inc (VNDA) after recent insiders movement

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Vanda Pharmaceuticals Inc’s recent filing unveils that its President and CEO Polymeropoulos Mihael Hristos unloaded Company’s shares for reported $0.1 million on Mar 05 ’24. In the deal valued at $4.13 per share,24,288 shares were sold. As a result of this transaction, Polymeropoulos Mihael Hristos now holds 1,871,730 shares worth roughly $9.02 million.

Then, Wijkstrom Joakim sold 9,229 shares, generating $38,830 in total proceeds. Upon selling the shares at $4.21, the SVP, Chief Marketing Officer now owns 129,789 shares.

Before that, Moran Kevin Patrick sold 8,902 shares. Vanda Pharmaceuticals Inc shares valued at $37,411 were divested by the SVP, CFO & Treasurer at a price of $4.20 per share. As a result of the transaction, Moran Kevin Patrick now holds 231,014 shares, worth roughly $1.11 million.

Jefferies downgraded its Vanda Pharmaceuticals Inc [VNDA] rating to a Hold from a a Buy in a research note published on February 25, 2022; the price target was decreased to $12 from $24. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. Citigroup also remained covering VNDA and has decreased its forecast on January 14, 2021 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on October 29, 2020. It rated VNDA as “a Buy” which previously was an “a Neutral”.

Price Performance Review of VNDA

On Monday, Vanda Pharmaceuticals Inc [NASDAQ:VNDA] saw its stock jump 4.33% to $4.82. Over the last five days, the stock has gained 0.42%. Vanda Pharmaceuticals Inc shares have risen nearly 14.22% since the year began. Nevertheless, the stocks have fallen -22.26% over the past one year. While a 52-week high of $7.00 was reached on 04/03/24, a 52-week low of $3.30 was recorded on 02/06/24. SMA at 50 days reached $4.29, while 200 days put it at $4.47. A total of 0.82 million shares were traded, compared to the trading of 1.46 million shares in the previous session.

Levels Of Support And Resistance For VNDA Stock

The 24-hour chart illustrates a support level at 4.70, which if violated will result in even more drops to 4.59. On the upside, there is a resistance level at 4.89. A further resistance level may holdings at 4.97. The Relative Strength Index (RSI) on the 14-day chart is 57.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.45%. Stochastics %K at 38.87% indicates the stock is a holding.

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