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Ideaya Biosciences Inc (IDYA) gets rating Initiated from BTIG Research

Ideaya Biosciences Inc’s recently made public that its President and CEO Hata Yujiro S unloaded Company’s shares for reported $1.44 million on May 16 ’24. In the deal valued at $41.81 per share,34,433 shares were sold. As a result of this transaction, Hata Yujiro S now holds 677,887 shares worth roughly $25.56 million.

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Then, Hata Yujiro S sold 83,856 shares, generating $3,597,756 in total proceeds. Upon selling the shares at $42.90, the President and CEO now owns 677,887 shares.

Before that, Hata Yujiro S sold 56,711 shares. Ideaya Biosciences Inc shares valued at $2,359,780 were divested by the President and CEO at a price of $41.61 per share. As a result of the transaction, Hata Yujiro S now holds 677,887 shares, worth roughly $25.56 million.

BTIG Research initiated its Ideaya Biosciences Inc [IDYA] rating to a Buy in a research note published on March 08, 2024; the price target was $55. A number of analysts have revised their coverage, including SVB Securities’s analysts, who began to cover the stock in early August with a ‘”an Outperform”‘ rating. Goldman began covering IDYA with “Buy” recommendation on May 24, 2023. Stifel revised its rating on April 24, 2023. It rated IDYA as “a Buy” which previously was an “a Hold”.

Price Performance Review of IDYA

On Friday, Ideaya Biosciences Inc [NASDAQ:IDYA] saw its stock fall -1.92% to $37.71. Over the last five days, the stock has lost -6.89%. Ideaya Biosciences Inc shares have risen nearly 5.99% since the year began. Nevertheless, the stocks have risen 66.78% over the past one year. While a 52-week high of $47.74 was reached on 02/15/24, a 52-week low of $20.90 was recorded on 01/05/24. SMA at 50 days reached $41.48, while 200 days put it at $35.68. A total of 2.13 million shares were traded, compared to the trading of 1.0 million shares in the previous session.

Levels Of Support And Resistance For IDYA Stock

The 24-hour chart illustrates a support level at 36.63, which if violated will result in even more drops to 35.56. On the upside, there is a resistance level at 39.59. A further resistance level may holdings at 41.48. The Relative Strength Index (RSI) on the 14-day chart is 35.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.98%. Stochastics %K at 14.19% indicates the stock is a buying.

The most recent change occurred on March 23, 2023 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $26 price target.

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