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AVDL (Avadel Pharmaceuticals plc) may reap gains as insiders became active recently

Avadel Pharmaceuticals plc’s filing revealed that its Chief Financial Officer MCHUGH THOMAS S acquired Company’s shares for reported $29000.0 on Jan 16 ’24. In the deal valued at $14.50 per share,2,000 shares were bought. As a result of this transaction, MCHUGH THOMAS S now holds 80,500 shares worth roughly $1.46 million.

Then, McCamish Mark Anthony sold 75,000 shares, generating $1,089,750 in total proceeds. Upon selling the shares at $14.53, the Director now owns 67,025 shares.

Before that, MCHUGH THOMAS S bought 2,000 shares. Avadel Pharmaceuticals plc shares valued at $28,900 were divested by the Chief Financial Officer at a price of $14.45 per share. As a result of the transaction, MCHUGH THOMAS S now holds 78,500 shares, worth roughly $1.43 million.

Oppenheimer reiterated its Avadel Pharmaceuticals plc [AVDL] rating to an Outperform in a research note published on March 05, 2024; the price target was $29. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. H.C. Wainwright also remained covering AVDL and reiterated its “Buy” recommendation on March 05, 2024. UBS started covering the stock on February 06, 2024. It rated AVDL as “a Buy”.

Price Performance Review of AVDL

On Tuesday, Avadel Pharmaceuticals plc [NASDAQ:AVDL] saw its stock jump 1.06% to $18.16. Over the last five days, the stock has gained 0.39%. Avadel Pharmaceuticals plc shares have risen nearly 28.61% since the year began. Nevertheless, the stocks have risen 73.28% over the past one year. While a 52-week high of $18.85 was reached on 04/16/24, a 52-week low of $9.50 was recorded on 03/04/24. SMA at 50 days reached $16.06, while 200 days put it at $13.66. A total of 0.72 million shares were traded, compared to the trading of 0.55 million shares in the previous session.

Levels Of Support And Resistance For AVDL Stock

The 24-hour chart illustrates a support level at 17.79, which if violated will result in even more drops to 17.42. On the upside, there is a resistance level at 18.59. A further resistance level may holdings at 19.02. The Relative Strength Index (RSI) on the 14-day chart is 62.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.17%. Stochastics %K at 75.83% indicates the stock is a holding.

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