Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aura Biosciences Inc shares valued at $121,141 were sold by de los Pinos Elisabet on Jan 23 ’24. At $7.64 per share, de los Pinos Elisabet sold 15,853 shares. The insider’s holdings dropped to 161,438 shares worth approximately $1.13 million following the completion of this transaction.
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Also, Feder Julie B sold 6,609 shares, netting a total of over 50,521 in proceeds. Following the sale of shares at $7.64 each, the insider now holds 62,991 shares.
Before that, Matrix Capital Management Comp had added 1,560,000 shares to its account. In a trade valued at $14,040,000, the 10% Owner bought Aura Biosciences Inc shares for $9.00 each. Upon closing the transaction, the insider’s holdings increased to 1,560,000 shares, worth approximately $48.39 million.
As published in their initiating research note from Scotiabank on July 27, 2023, Aura Biosciences Inc [AURA] has been a Sector outperform. As of July 19, 2022, JMP Securities has initiated its “Mkt outperform” rating for AURA.
Analyzing AURA Stock Performance
During the last five days, there has been a drop of approximately -1.96%. Over the course of the year, Aura Biosciences Inc shares have dropped approximately -21.11%. Shares of the company reached a 52-week high of $9.72 on 02/28/24 and a 52-week low of $6.63 on 06/26/24. A 50-day SMA is recorded $7.30, while a 200-day SMA reached $8.08. Nevertheless, trading volume fell to 0.21 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for Aura Biosciences Inc (AURA)
According to the 24-hour chart, there is a support level at 6.81, which, if violated, would cause prices to drop to 6.71. In the upper region, resistance lies at 7.09. The next price resistance is at 7.27. RSI (Relative Strength Index) is 44.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 76.72%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
