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Analysts review Alkermes plc’s rating

Alkermes plc’s recently made public that its SVP, Chief Commercial Officer Nichols Christian Todd unloaded Company’s shares for reported $0.29 million on Mar 18 ’24. In the deal valued at $28.10 per share,10,417 shares were sold. As a result of this transaction, Nichols Christian Todd now holds 65,911 shares worth roughly $1.63 million.

Then, Parisi Samuel Joseph sold 2,559 shares, generating $75,874 in total proceeds. Upon selling the shares at $29.65, the VP, Finance (Interim PAO) now owns 7,717 shares.

Before that, LAURENCIN CATO T sold 2,690 shares. Alkermes plc shares valued at $85,676 were divested by the Director at a price of $31.85 per share. As a result of the transaction, LAURENCIN CATO T now holds 15,169 shares, worth roughly $0.37 million.

Robert W. Baird initiated its Alkermes plc [ALKS] rating to an Outperform in a research note published on March 19, 2024; the price target was $37. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “a Sell”. Evercore ISI revised its rating on October 24, 2023. It rated ALKS as “an Outperform” which previously was an “an In-line”.

Price Performance Review of ALKS

On Monday, Alkermes plc [NASDAQ:ALKS] saw its stock jump 2.74% to $24.71. Over the last five days, the stock has gained 2.53%. Alkermes plc shares have fallen nearly -10.92% since the year began. Nevertheless, the stocks have fallen -14.75% over the past one year. While a 52-week high of $32.88 was reached on 02/16/24, a 52-week low of $20.46 was recorded on 05/01/24. SMA at 50 days reached $26.11, while 200 days put it at $27.17. A total of 1.24 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For ALKS Stock

The 24-hour chart illustrates a support level at 24.41, which if violated will result in even more drops to 24.11. On the upside, there is a resistance level at 24.88. A further resistance level may holdings at 25.05. The Relative Strength Index (RSI) on the 14-day chart is 48.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.50%. Stochastics %K at 54.00% indicates the stock is a holding.

The most recent change occurred on October 17, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $31 price target.

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