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. Repare Therapeutics Inc shares valued at $11,533 were sold by Segal Lloyd Mitchell on Apr 01 ’24. At $4.63 per share, Segal Lloyd Mitchell sold 2,491 shares. The insider’s holdings dropped to 107,558 shares worth approximately $0.41 million following the completion of this transaction.
Also, Forte Steve sold 789 shares, netting a total of over 3,637 in proceeds. Following the sale of shares at $4.61 each, the insider now holds 44,775 shares.
Before that, Zinda Michael had sold 410 shares from its account. In a trade valued at $1,911, the EVP, CHIEF SCIENTIFIC OFFICER traded Repare Therapeutics Inc shares for $4.66 each. Upon closing the transaction, the insider’s holdings decreased to 410 shares, worth approximately $0.27 million.
As published in a research note from Stifel on June 09, 2023, Repare Therapeutics Inc [RPTX] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $11. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early February. As of January 06, 2023, CapitalOne has initiated its “an Overweight” rating for RPTX. Earlier on April 12, 2022, Stifel downgraded its rating. Their new recommendation was “a Hold” for RPTX stock which previously was a “a Buy”.
Analyzing RPTX Stock Performance
During the last five days, there has been a surge of approximately 14.85%. Over the course of the year, Repare Therapeutics Inc shares have dropped approximately -48.08%. Shares of the company reached a 52-week high of $8.49 on 02/12/24 and a 52-week low of $2.98 on 04/19/24. A 50-day SMA is recorded $4.45, while a 200-day SMA reached $6.66. Nevertheless, trading volume fell to 4.58 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Repare Therapeutics Inc (RPTX)
According to the 24-hour chart, there is a support level at 3.58, which, if violated, would cause prices to drop to 3.37. In the upper region, resistance lies at 3.98. The next price resistance is at 4.17. RSI (Relative Strength Index) is 52.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 17.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
