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Alkermes plc [ALKS] Records 200-Day SMA of $26.63

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Alkermes plc shares valued at $292,740 were sold by Nichols Christian Todd on Mar 18 ’24. At $28.10 per share, Nichols Christian Todd sold 10,417 shares. The insider’s holdings dropped to 65,911 shares worth approximately $1.65 million following the completion of this transaction.

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Also, Parisi Samuel Joseph sold 2,559 shares, netting a total of over 75,874 in proceeds. Following the sale of shares at $29.65 each, the insider now holds 7,717 shares.

Before that, LAURENCIN CATO T had sold 2,690 shares from its account. In a trade valued at $85,676, the Director traded Alkermes plc shares for $31.85 each. Upon closing the transaction, the insider’s holdings decreased to 2,690 shares, worth approximately $0.38 million.

As published in their initiating research note from TD Cowen on June 17, 2024, Alkermes plc [ALKS] has been a Buy and the price target has been revised to $34. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. As of February 20, 2024, UBS has decreased its “Neutral” rating to a “Sell” for ALKS.

Analyzing ALKS Stock Performance

During the last five days, there has been a surge of approximately 0.85%. Over the course of the year, Alkermes plc shares have dropped approximately -9.70%. Shares of the company reached a 52-week high of $32.88 on 02/16/24 and a 52-week low of $23.14 on 05/29/24. A 50-day SMA is recorded $24.27, while a 200-day SMA reached $26.63. Nevertheless, trading volume fell to 2.03 million shares from 1.4 million shares the previous day.

Support And Resistance Levels for Alkermes plc (ALKS)

According to the 24-hour chart, there is a support level at 24.49, which, if violated, would cause prices to drop to 23.94. In the upper region, resistance lies at 25.39. The next price resistance is at 25.74. RSI (Relative Strength Index) is 57.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 18.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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