Avidity Biosciences Inc’s recently made public that its Director LEVIN ARTHUR A unloaded Company’s shares for reported $0.19 million on Jun 20 ’24. In the deal valued at $37.59 per share,5,000 shares were sold. As a result of this transaction, LEVIN ARTHUR A now holds 14,830 shares worth roughly $0.61 million.
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Then, Boyce Sarah sold 32,074 shares, generating $1,255,040 in total proceeds. Upon selling the shares at $39.13, the President and CEO now owns 142,543 shares.
Before that, MacLean Michael F sold 11,228 shares. Avidity Biosciences Inc shares valued at $439,345 were divested by the Chief Financial Officer at a price of $39.13 per share. As a result of the transaction, MacLean Michael F now holds 57,865 shares, worth roughly $2.39 million.
BofA Securities initiated its Avidity Biosciences Inc [RNA] rating to a Buy in a research note published on May 03, 2024; the price target was $40. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid March with a ‘”an Overweight”‘ rating. Evercore ISI also remained covering RNA and has increased its forecast on May 22, 2023 with a “an Outperform” recommendation from previously “an In-line” rating. Evercore ISI revised its rating on March 31, 2023. It rated RNA as “an In-line” which previously was an “an Outperform”.
Price Performance Review of RNA
On Monday, Avidity Biosciences Inc [NASDAQ:RNA] saw its stock jump 1.05% to $41.28. Over the last five days, the stock has gained 4.08%. Avidity Biosciences Inc shares have risen nearly 356.13% since the year began. Nevertheless, the stocks have risen 272.23% over the past one year. While a 52-week high of $42.00 was reached on 06/14/24, a 52-week low of $4.82 was recorded on 01/02/24. SMA at 50 days reached $30.01, while 200 days put it at $16.54. A total of 1.19 million shares were traded, compared to the trading of 1.45 million shares in the previous session.
Levels Of Support And Resistance For RNA Stock
The 24-hour chart illustrates a support level at 40.42, which if violated will result in even more drops to 39.56. On the upside, there is a resistance level at 41.77. A further resistance level may holdings at 42.26. The Relative Strength Index (RSI) on the 14-day chart is 74.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.63%. Stochastics%K at 93.17% indicates the stock is a selling.
The most recent change occurred on July 20, 2022 when Chardan Capital Markets began covering the stock and recommended ‘”a Buy”‘ rating along with a $29 price target.
