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A company insider recently sold 2,660 shares of Chimerix Inc [CMRX]. Should You Sale?

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Chimerix Inc shares valued at $2,777 were sold by Jakeman David on Feb 14 ’24. At $1.04 per share, Jakeman David sold 2,660 shares. The insider’s holdings dropped to 141,232 shares worth approximately $0.13 million following the completion of this transaction.

Also, LaSpaluto Michelle sold 1,940 shares, netting a total of over 2,023 in proceeds. Following the sale of shares at $1.04 each, the insider now holds 110,999 shares.

Before that, Andriole Michael T. had sold 1,744 shares from its account. In a trade valued at $1,809, the PRESIDENT AND CEO traded Chimerix Inc shares for $1.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,744 shares, worth approximately $0.42 million.

As published in their initiating research note from Robert W. Baird on May 23, 2023, Chimerix Inc [CMRX] has been an Outperform and the price target has been revised to $7. Analysts at CapitalOne started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of April 29, 2021, Maxim Group has initiated its “Buy” rating for CMRX.

Analyzing CMRX Stock Performance

During the last five days, there has been a surge of approximately 4.86%. Over the course of the year, Chimerix Inc shares have dropped approximately -1.30%. Shares of the company reached a 52-week high of $1.3000 on 03/08/24 and a 52-week low of $0.8800 on 04/22/24. A 50-day SMA is recorded $1.0524, while a 200-day SMA reached $1.0157. Nevertheless, trading volume fell to 0.39 million shares from 0.21 million shares the previous day.

Support And Resistance Levels for Chimerix Inc (CMRX)

According to the 24-hour chart, there is a support level at 0.9064, which, if violated, would cause prices to drop to 0.8627. In the upper region, resistance lies at 0.9773. The next price resistance is at 1.0045. RSI (Relative Strength Index) is 47.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0218, which suggests the price will decrease in the coming days. Percent R is at 50.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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