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Arvinas Inc (ARVN) rating reiterates by Oppenheimer

In a filing, Arvinas Inc revealed its President and CEO Houston John G unloaded Company’s shares for reported $0.24 million on Feb 23 ’24. In the deal valued at $47.05 per share,5,196 shares were sold. As a result of this transaction, Houston John G now holds 1,036,681 shares worth roughly $32.94 million.

Then, Cassidy Sean A sold 1,702 shares, generating $80,079 in total proceeds. Upon selling the shares at $47.05, the Chief Financial Officer now owns 181,916 shares.

Before that, Taylor Ian sold 1,701 shares. Arvinas Inc shares valued at $80,032 were divested by the Chief Scientific Officer at a price of $47.05 per share. As a result of the transaction, Taylor Ian now holds 147,522 shares, worth roughly $4.69 million.

Oppenheimer reiterated its Arvinas Inc [ARVN] rating to an Outperform in a research note published on February 28, 2024; the price target was $80. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid February from “a Buy” to “a Neutral”. Goldman began covering ARVN with “Buy” recommendation on February 01, 2024. Wells Fargo revised its rating on December 19, 2023. It rated ARVN as “an Overweight” which previously was an “an Equal weight”.

Price Performance Review of ARVN

On Tuesday, Arvinas Inc [NASDAQ:ARVN] saw its stock fall -0.41% to $31.77. Over the last five days, the stock has lost -6.56%. Arvinas Inc shares have fallen nearly -22.81% since the year began. Nevertheless, the stocks have risen 21.21% over the past one year. While a 52-week high of $53.08 was reached on 02/16/24, a 52-week low of $13.57 was recorded on 04/25/24. SMA at 50 days reached $40.93, while 200 days put it at $31.24. A total of 1.2 million shares were traded, compared to the trading of 0.85 million shares in the previous session.

Levels Of Support And Resistance For ARVN Stock

The 24-hour chart illustrates a support level at 31.22, which if violated will result in even more drops to 30.67. On the upside, there is a resistance level at 32.25. A further resistance level may holdings at 32.72. The Relative Strength Index (RSI) on the 14-day chart is 27.58, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.80%. Stochastics %K at 13.09% indicates the stock is a buying.

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