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Insider Sale Alert: Akero Therapeutics Inc [AKRO] – Is it Time to sell?

Akero Therapeutics Inc’s recent filing unveils that its Chief Operating Officer Young Jonathan unloaded Company’s shares for reported $0.12 million on Jul 01 ’24. In the deal valued at $23.40 per share,5,000 shares were sold. As a result of this transaction, Young Jonathan now holds 246,854 shares worth roughly $5.52 million.

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Then, Cheng Andrew sold 7,894 shares, generating $178,728 in total proceeds. Upon selling the shares at $22.64, the President and CEO now owns 581,553 shares.

Before that, White William Richard sold 2,831 shares. Akero Therapeutics Inc shares valued at $64,094 were divested by the Chief Financial Officer at a price of $22.64 per share. As a result of the transaction, White William Richard now holds 46,799 shares, worth roughly $1.05 million.

A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. UBS began covering AKRO with “Buy” recommendation on August 28, 2023. Morgan Stanley revised its rating on January 27, 2023. It rated AKRO as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of AKRO

On Tuesday, Akero Therapeutics Inc [NASDAQ:AKRO] saw its stock fall -3.37% to $22.38. Over the last five days, the stock has lost -4.77%. Akero Therapeutics Inc shares have fallen nearly -4.15% since the year began. Nevertheless, the stocks have fallen -52.07% over the past one year. While a 52-week high of $53.77 was reached on 03/04/24, a 52-week low of $11.25 was recorded on 02/06/24. SMA at 50 days reached $21.14, while 200 days put it at $23.18. A total of 0.43 million shares were traded, compared to the trading of 0.68 million shares in the previous session.

Levels Of Support And Resistance For AKRO Stock

The 24-hour chart illustrates a support level at 22.00, which if violated will result in even more drops to 21.63. On the upside, there is a resistance level at 22.98. A further resistance level may holdings at 23.59. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.61%. Stochastics%K at 34.04% indicates the stock is a holding.

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