Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prothena Corporation plc shares valued at $170,000 were sold by Walker Karin L on Jan 24 ’24. At $34.00 per share, Walker Karin L sold 5,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Walker Karin L sold 5,000 shares, netting a total of over 185,952 in proceeds. Following the sale of shares at $37.19 each, the insider now holds 0 shares.
Before that, Walker Karin L had sold 5,000 shares from its account. In a trade valued at $170,000, the Chief Accounting Officer traded Prothena Corporation plc shares for $34.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $0.0.
As published in a research note from BofA Securities on January 30, 2024, Prothena Corporation plc [PRTA] has been rated down from a Buy to a Neutral and the price target has been revised to $38 from $68. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of April 24, 2023, SVB Securities has initiated its “an Outperform” rating for PRTA. Earlier on January 27, 2023, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for PRTA stock.
Analyzing PRTA Stock Performance
During the last five days, there has been a surge of approximately 7.52%. Over the course of the year, Prothena Corporation plc shares have dropped approximately -36.63%. Shares of the company reached a 52-week high of $41.54 on 01/09/24 and a 52-week low of $19.65 on 04/25/24. A 50-day SMA is recorded $24.39, while a 200-day SMA reached $37.99. Nevertheless, trading volume fell to 0.61 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Prothena Corporation plc (PRTA)
According to the 24-hour chart, there is a support level at 22.53, which, if violated, would cause prices to drop to 22.03. In the upper region, resistance lies at 23.70. The next price resistance is at 24.37. RSI (Relative Strength Index) is 52.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 25.71%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
