Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Adaptimmune Therapeutics Plc ADR shares valued at $22,814 were sold by Piccina Cintia on Jun 18 ’24. At $0.93 per share, Piccina Cintia sold 24,531 shares. The insider’s holdings dropped to 38,293 shares worth approximately $33314.909999999996 following the completion of this transaction.
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Also, Rawcliffe Adrian sold 30,080 shares, netting a total of over 20,244 in proceeds. Following the sale of shares at $0.67 each, the insider now holds 44,848 shares.
Before that, Bertrand William C JR had sold 18,908 shares from its account. In a trade valued at $12,725, the Chief Operating Officer traded Adaptimmune Therapeutics Plc ADR shares for $0.67 each. Upon closing the transaction, the insider’s holdings decreased to 18,908 shares, worth approximately $6772.95.
As published in their initiating research note from Scotiabank on May 30, 2024, Adaptimmune Therapeutics Plc ADR [ADAP] has been a Sector outperform and the price target has been revised to $3.15. Analysts at Bryan Garnier started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of January 03, 2023, Guggenheim has increased its “Neutral” rating to a “Buy” for ADAP. Earlier on November 09, 2022, Mizuho upgraded its rating. Their new recommendation was “a Buy” for ADAP stock which previously was a “a Neutral”.
Analyzing ADAP Stock Performance
During the last five days, there has been a drop of approximately -16.08%. Over the course of the year, Adaptimmune Therapeutics Plc ADR shares have jumped approximately 10.06%. Shares of the company reached a 52-week high of $2.0500 on 03/08/24 and a 52-week low of $0.6517 on 01/17/24. A 50-day SMA is recorded $1.0801, while a 200-day SMA reached $0.9377. Nevertheless, trading volume fell to 1.86 million shares from 2.8 million shares the previous day.
Support And Resistance Levels for Adaptimmune Therapeutics Plc ADR (ADAP)
According to the 24-hour chart, there is a support level at 0.8519, which, if violated, would cause prices to drop to 0.8309. In the upper region, resistance lies at 0.8969. The next price resistance is at 0.9209. RSI (Relative Strength Index) is 31.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1162, which suggests the price will decrease in the coming days. Percent R is at 93.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
