Royalty Pharma plc’s filing revealed that its Director RIGGS RORY B unloaded Company’s shares for reported $0.98 million on Jan 04 ’24. In the deal valued at $27.55 per share,35,702 shares were sold. As a result of this transaction, RIGGS RORY B now holds 20,099 shares worth roughly $0.54 million.
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Then, RIGGS RORY B sold 199,098 shares, generating $5,532,276 in total proceeds. Upon selling the shares at $27.79, the Director now owns 55,801 shares.
Before that, RIGGS RORY B sold 235,200 shares. Royalty Pharma plc shares valued at $6,707,081 were divested by the Director at a price of $28.52 per share. As a result of the transaction, RIGGS RORY B now holds 254,899 shares, worth roughly $6.84 million.
UBS downgraded its Royalty Pharma plc [RPRX] rating to a Neutral from a a Buy in a research note published recently. Scotiabank began covering RPRX with “Sector outperform” recommendation on May 13, 2022. Goldman started covering the stock on April 27, 2022. It rated RPRX as “a Buy”.
Price Performance Review of RPRX
On Monday, Royalty Pharma plc [NASDAQ:RPRX] saw its stock fall -2.08% to $26.84. Over the last five days, the stock has gained 0.83%. Royalty Pharma plc shares have fallen nearly -4.45% since the year began. Nevertheless, the stocks have fallen -19.08% over the past one year. While a 52-week high of $34.65 was reached on 02/27/24, a 52-week low of $25.92 was recorded on 05/30/24. SMA at 50 days reached $28.26, while 200 days put it at $28.40. A total of 3.23 million shares were traded, compared to the trading of 7.23 million shares in the previous session.
Levels Of Support And Resistance For RPRX Stock
The 24-hour chart illustrates a support level at 26.57, which if violated will result in even more drops to 26.30. On the upside, there is a resistance level at 27.29. A further resistance level may holdings at 27.74. The Relative Strength Index (RSI) on the 14-day chart is 41.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.18%. Stochastics %K at 31.81% indicates the stock is a holding.
