Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sarepta Therapeutics Inc shares valued at $508,900 were sold by Murray Dallan on May 02 ’24. At $140.00 per share, Murray Dallan sold 3,635 shares. The insider’s holdings dropped to 18,125 shares worth approximately $2.4 million following the completion of this transaction.
Also, Boor Kathryn Jean sold 761 shares, netting a total of over 93,550 in proceeds. Following the sale of shares at $122.93 each, the insider now holds 7,516 shares.
Before that, Wigzell Hans Lennart Rudolf had sold 15,000 shares from its account. In a trade valued at $1,848,795, the Director traded Sarepta Therapeutics Inc shares for $123.25 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $3.03 million.
As published in their initiating research note from BMO Capital Markets on January 31, 2024, Sarepta Therapeutics Inc [SRPT] has been an Outperform and the price target has been revised to $170. As of December 12, 2023, Deutsche Bank has initiated its “Buy” rating for SRPT. Earlier on November 21, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for SRPT stock.
Analyzing SRPT Stock Performance
During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, Sarepta Therapeutics Inc shares have jumped approximately 37.49%. Shares of the company reached a 52-week high of $146.68 on 05/07/24 and a 52-week low of $91.34 on 01/05/24. A 50-day SMA is recorded $125.53, while a 200-day SMA reached $112.65. Nevertheless, trading volume fell to 1.57 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Sarepta Therapeutics Inc (SRPT)
According to the 24-hour chart, there is a support level at 128.97, which, if violated, would cause prices to drop to 125.36. In the upper region, resistance lies at 136.66. The next price resistance is at 140.75. RSI (Relative Strength Index) is 60.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.09, which suggests the price will increase in the coming days. Percent R is at 43.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
