Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ionis Pharmaceuticals Inc shares valued at $256,277 were sold by KLEIN JOSEPH III on May 03 ’24. At $42.71 per share, KLEIN JOSEPH III sold 6,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Baroldi Joseph sold 4,006 shares, netting a total of over 166,641 in proceeds. Following the sale of shares at $41.60 each, the insider now holds 19,631 shares.
Before that, Birchler Brian had sold 905 shares from its account. In a trade valued at $37,698, the EVP, Corp and Development Ops traded Ionis Pharmaceuticals Inc shares for $41.66 each. Upon closing the transaction, the insider’s holdings decreased to 905 shares, worth approximately $1.82 million.
As published in a research note from Wolfe Research on April 10, 2024, Ionis Pharmaceuticals Inc [IONS] has been rated up from a Peer perform to an Outperform and the price target has been revised to $58. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of October 23, 2023, BofA Securities has increased its “an Underperform” rating to a “Neutral” for IONS. Earlier on September 29, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for IONS stock.
Analyzing IONS Stock Performance
During the last five days, there has been a drop of approximately -8.40%. Over the course of the year, Ionis Pharmaceuticals Inc shares have dropped approximately -21.98%. Shares of the company reached a 52-week high of $54.44 on 01/12/24 and a 52-week low of $39.31 on 05/09/24. A 50-day SMA is recorded $42.66, while a 200-day SMA reached $45.38. Nevertheless, trading volume fell to 1.3 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for Ionis Pharmaceuticals Inc (IONS)
According to the 24-hour chart, there is a support level at 39.13, which, if violated, would cause prices to drop to 38.78. In the upper region, resistance lies at 40.00. The next price resistance is at 40.52. RSI (Relative Strength Index) is 35.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 96.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
