Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Deciphera Pharmaceuticals Inc shares valued at $47,009 were sold by Kelly Thomas Patrick on Feb 16 ’24. At $15.62 per share, Kelly Thomas Patrick sold 3,010 shares. The insider’s holdings dropped to 80,350 shares worth approximately $2.04 million following the completion of this transaction.
Also, Sherman Matthew L sold 2,615 shares, netting a total of over 40,840 in proceeds. Following the sale of shares at $15.62 each, the insider now holds 108,739 shares.
Before that, Pitman Jama had sold 2,267 shares from its account. In a trade valued at $35,405, the SVP, Chief Development Officer traded Deciphera Pharmaceuticals Inc shares for $15.62 each. Upon closing the transaction, the insider’s holdings decreased to 2,267 shares, worth approximately $1.73 million.
Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late October. As of August 10, 2023, Stifel has increased its “Hold” rating to a “Buy” for DCPH. Earlier on January 04, 2023, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for DCPH stock which previously was a “a Neutral”.
Analyzing DCPH Stock Performance
During the last five days, there has been a surge of approximately 0.04%. Over the course of the year, Deciphera Pharmaceuticals Inc shares have jumped approximately 57.28%. Shares of the company reached a 52-week high of $25.47 on 05/02/24 and a 52-week low of $13.25 on 01/18/24. A 50-day SMA is recorded $17.10, while a 200-day SMA reached $14.54. Nevertheless, trading volume fell to 1.66 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Deciphera Pharmaceuticals Inc (DCPH)
According to the 24-hour chart, there is a support level at 25.36, which, if violated, would cause prices to drop to 25.34. In the upper region, resistance lies at 25.39. The next price resistance is at 25.40. RSI (Relative Strength Index) is 85.87 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.65, which suggests the price will increase in the coming days. Percent R is at 0.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
