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Recent Insider Activity Could Benefit Aquestive Therapeutics Inc (AQST)

Aquestive Therapeutics Inc’s recently made public that its Chief Innovation/Tech Officer Schobel Alexander Mark unloaded Company’s shares for reported $0.3 million on Mar 15 ’24. In the deal valued at $6.00 per share,50,000 shares were sold. As a result of this transaction, Schobel Alexander Mark now holds 984,476 shares worth roughly $2.38 million.

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Then, Schobel Alexander Mark sold 25,000 shares, generating $129,685 in total proceeds. Upon selling the shares at $5.19, the Chief Innovation/Tech Officer now owns 1,040,371 shares.

Leerink Partners initiated its Aquestive Therapeutics Inc [AQST] rating to an Outperform in a research note published on May 10, 2024; the price target was $8. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid April with a ‘”an Overweight”‘ rating. Raymond James began covering AQST with “an Outperform” recommendation on March 28, 2024.

Price Performance Review of AQST

On Tuesday, Aquestive Therapeutics Inc [NASDAQ:AQST] saw its stock fall -1.22% to $2.42. Over the last five days, the stock has gained 4.76%. Aquestive Therapeutics Inc shares have risen nearly 19.80% since the year began. Nevertheless, the stocks have risen 46.67% over the past one year. While a 52-week high of $6.23 was reached on 03/18/24, a 52-week low of $1.25 was recorded on 01/02/24. SMA at 50 days reached $3.08, while 200 days put it at $2.73. A total of 0.69 million shares were traded, compared to the trading of 12.67 million shares in the previous session.

Levels Of Support And Resistance For AQST Stock

The 24-hour chart illustrates a support level at 2.37, which if violated will result in even more drops to 2.33. On the upside, there is a resistance level at 2.45. A further resistance level may holdings at 2.49. The Relative Strength Index (RSI) on the 14-day chart is 35.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.91%. Stochastics%K at 36.23% indicates the stock is a holding.

The most recent change occurred on April 22, 2019 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating.

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