Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aquestive Therapeutics Inc shares valued at $300,000 were sold by Schobel Alexander Mark on Mar 15 ’24. At $6.00 per share, Schobel Alexander Mark sold 50,000 shares. The insider’s holdings dropped to 984,476 shares worth approximately $3.02 million following the completion of this transaction.
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Also, Schobel Alexander Mark sold 25,000 shares, netting a total of over 129,685 in proceeds. Following the sale of shares at $5.19 each, the insider now holds 1,040,371 shares.
As published in their initiating research note from Leerink Partners on May 10, 2024, Aquestive Therapeutics Inc [AQST] has been an Outperform and the price target has been revised to $8. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid April. As of March 28, 2024, Raymond James has initiated its “an Outperform” rating for AQST.
Analyzing AQST Stock Performance
During the last five days, there has been a drop of approximately -6.40%. Over the course of the year, Aquestive Therapeutics Inc shares have jumped approximately 51.98%. Shares of the company reached a 52-week high of $6.23 on 03/18/24 and a 52-week low of $1.95 on 01/02/24. A 50-day SMA is recorded $3.93, while a 200-day SMA reached $2.60. Nevertheless, trading volume fell to 1.23 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Aquestive Therapeutics Inc (AQST)
According to the 24-hour chart, there is a support level at 2.97, which, if violated, would cause prices to drop to 2.87. In the upper region, resistance lies at 3.20. The next price resistance is at 3.33. RSI (Relative Strength Index) is 38.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.08, which suggests the price will decrease in the coming days. Percent R is at 76.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
