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AvroBio Inc [AVRO] Shares Rise 1.26 % on Wednesday

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AvroBio Inc shares valued at $385,947 were purchased by Leonard Braden Michael on May 14 ’24. At $1.30 per share, Leonard Braden Michael acquired 296,882 shares. The insider’s holdings grew to 4,768,262 shares worth approximately $6.91 million following the completion of this transaction.

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Also, Leonard Braden Michael purchased 469,753 shares, netting a total of over 585,546 in proceeds. Following the buying of shares at $1.25 each, the insider now holds 4,471,380 shares.

As published in a research note from Mizuho on December 18, 2023, AvroBio Inc [AVRO] has been rated down from a Buy to a Neutral. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of November 19, 2021, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for AVRO. Earlier on June 15, 2021, BTIG Research initiated its rating. Their recommendation was “a Buy” for AVRO stock.

Analyzing AVRO Stock Performance

During the last five days, there has been a drop of approximately -1.50%. Over the course of the year, AvroBio Inc shares have jumped approximately 6.47%. Shares of the company reached a 52-week high of $1.5350 on 05/28/24 and a 52-week low of $1.0100 on 01/30/24. A 50-day SMA is recorded $1.3021, while a 200-day SMA reached $1.3840. Nevertheless, trading volume fell to 0.93 million shares from 89000.0 shares the previous day.

Support And Resistance Levels for AvroBio Inc (AVRO)

According to the 24-hour chart, there is a support level at 1.4287, which, if violated, would cause prices to drop to 1.4093. In the upper region, resistance lies at 1.4687. The next price resistance is at 1.4893. RSI (Relative Strength Index) is 60.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0145, which suggests the price will decrease in the coming days. Percent R is at 40.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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