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Insider Selling: Campbell Bradley L, Amicus Therapeutics Inc [FOLD] President and CEO divested 7,500 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Amicus Therapeutics Inc shares valued at $75,000 were sold by Campbell Bradley L on Jun 03 ’24. At $10.00 per share, Campbell Bradley L sold 7,500 shares. The insider’s holdings dropped to 886,654 shares worth approximately $9.11 million following the completion of this transaction.

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Also, Campbell Bradley L sold 7,500 shares, netting a total of over 75,524 in proceeds. Following the sale of shares at $10.07 each, the insider now holds 886,654 shares.

Before that, Campbell Bradley L had sold 7,500 shares from its account. In a trade valued at $87,496, the President and CEO traded Amicus Therapeutics Inc shares for $11.67 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $9.11 million.

As published in their initiating research note from Wells Fargo on May 30, 2024, Amicus Therapeutics Inc [FOLD] has been an Overweight and the price target has been revised to $18. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid May. As of December 19, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for FOLD. Earlier on September 09, 2022, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for FOLD stock.

Analyzing FOLD Stock Performance

During the last five days, there has been a surge of approximately 3.95%. Over the course of the year, Amicus Therapeutics Inc shares have dropped approximately -27.63%. Shares of the company reached a 52-week high of $14.53 on 01/02/24 and a 52-week low of $9.02 on 05/13/24. A 50-day SMA is recorded $10.39, while a 200-day SMA reached $11.73. Nevertheless, trading volume fell to 1.21 million shares from 1.99 million shares the previous day.

Support And Resistance Levels for Amicus Therapeutics Inc (FOLD)

According to the 24-hour chart, there is a support level at 10.17, which, if violated, would cause prices to drop to 10.07. In the upper region, resistance lies at 10.43. The next price resistance is at 10.59. RSI (Relative Strength Index) is 54.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 20.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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