Incyte Corp.’s recently made public that its EVP & General Manager US Flannelly Barry P unloaded Company’s shares for reported $1.15 million on Jun 12 ’24. In the deal valued at $60.00 per share,19,164 shares were sold. As a result of this transaction, Flannelly Barry P now holds 66,377 shares worth roughly $3.92 million.
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Then, Tray Thomas sold 1,093 shares, generating $64,389 in total proceeds. Upon selling the shares at $58.91, the Principal Accounting Officer now owns 21,634 shares.
Before that, Stein Steven H sold 7,365 shares. Incyte Corp. shares valued at $482,481 were divested by the EVP & Chief Medical Officer at a price of $65.51 per share. As a result of the transaction, Stein Steven H now holds 90,218 shares, worth roughly $5.32 million.
BMO Capital Markets downgraded its Incyte Corp. [INCY] rating to an Underperform from a a Market perform in a research note published on July 02, 2024; the price target was decreased to $48 from $52. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late May with a ‘”a Hold”‘ rating. Cantor Fitzgerald began covering INCY with “Neutral” recommendation on April 23, 2024. Jefferies started covering the stock on February 23, 2024. It rated INCY as “a Buy”.
Price Performance Review of INCY
On Tuesday, Incyte Corp. [NASDAQ:INCY] saw its stock fall -3.04% to $59.02. Over the last five days, the stock has lost -6.47%. Incyte Corp. shares have fallen nearly -6.00% since the year began. Nevertheless, the stocks have fallen -5.19% over the past one year. While a 52-week high of $67.36 was reached on 01/04/24, a 52-week low of $50.27 was recorded on 04/30/24. SMA at 50 days reached $57.43, while 200 days put it at $57.83. A total of 3.16 million shares were traded, compared to the trading of 10.98 million shares in the previous session.
Levels Of Support And Resistance For INCY Stock
The 24-hour chart illustrates a support level at 58.27, which if violated will result in even more drops to 57.53. On the upside, there is a resistance level at 60.12. A further resistance level may holdings at 61.23. The Relative Strength Index (RSI) on the 14-day chart is 44.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.15%. Stochastics%K at 31.51% indicates the stock is a holding.
