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Goldman analysts upgrades a Buy rating for Ultragenyx Pharmaceutical Inc. (RARE)

In a filing, Ultragenyx Pharmaceutical Inc. revealed its EVP and Chief Legal Officer Parschauer Karah Herdman unloaded Company’s shares for reported $0.44 million on Jun 12 ’24. In the deal valued at $45.00 per share,9,806 shares were sold. As a result of this transaction, Parschauer Karah Herdman now holds 57,981 shares worth roughly $2.29 million.

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Then, Sanders Corazon (Corsee) D. sold 1,737 shares, generating $71,391 in total proceeds. Upon selling the shares at $41.10, the Director now owns 7,248 shares.

Before that, Crombez Eric sold 354 shares. Ultragenyx Pharmaceutical Inc. shares valued at $15,456 were divested by the EVP and Chief Medical Officer at a price of $43.66 per share. As a result of the transaction, Crombez Eric now holds 48,431 shares, worth roughly $1.91 million.

Goldman upgraded its Ultragenyx Pharmaceutical Inc. [RARE] rating to a Buy from a a Neutral in a research note published on June 06, 2024; the price target was increased to $67 from $56. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Wells Fargo began covering RARE with “an Overweight” recommendation on December 08, 2023.

Price Performance Review of RARE

On Monday, Ultragenyx Pharmaceutical Inc. [NASDAQ:RARE] saw its stock fall -0.45% to $39.42. Over the last five days, the stock has gained 0.95%. Ultragenyx Pharmaceutical Inc. shares have fallen nearly -17.57% since the year began. Nevertheless, the stocks have fallen -23.53% over the past one year. While a 52-week high of $54.56 was reached on 03/01/24, a 52-week low of $31.52 was recorded on 06/18/24. SMA at 50 days reached $41.72, while 200 days put it at $42.46. A total of 0.82 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For RARE Stock

The 24-hour chart illustrates a support level at 38.93, which if violated will result in even more drops to 38.45. On the upside, there is a resistance level at 40.10. A further resistance level may holdings at 40.79. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.00%. Stochastics %K at 23.26% indicates the stock is a holding.

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