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Monitoring Madrigal Pharmaceuticals Inc (MDGL) after recent insider movements

Madrigal Pharmaceuticals Inc’s recent filing unveils that its Senior VP, Chief Pharma Dev. Waltermire Robert E. unloaded Company’s shares for reported $0.53 million on Jun 14 ’24. In the deal valued at $280.00 per share,1,900 shares were sold. As a result of this transaction, Waltermire Robert E. now holds 5,500 shares worth roughly $1.61 million.

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Then, Waltermire Robert E. sold 2,000 shares, generating $570,000 in total proceeds. Upon selling the shares at $285.00, the Senior VP, Chief Pharma Dev. now owns 5,500 shares.

Before that, Waltermire Robert E. sold 1,036 shares. Madrigal Pharmaceuticals Inc shares valued at $239,668 were divested by the Senior VP, Chief Pharma Dev. at a price of $231.34 per share. As a result of the transaction, Waltermire Robert E. now holds 5,500 shares, worth roughly $1.61 million.

Cantor Fitzgerald initiated its Madrigal Pharmaceuticals Inc [MDGL] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. BofA Securities began covering MDGL with “an Underperform” recommendation on April 22, 2024. B. Riley Securities revised its rating on March 15, 2024. It rated MDGL as “a Neutral” which previously was an “a Sell”.

Price Performance Review of MDGL

On Tuesday, Madrigal Pharmaceuticals Inc [NASDAQ:MDGL] saw its stock jump 0.76% to $292.96. Over the last five days, the stock has gained 4.89%. Madrigal Pharmaceuticals Inc shares have risen nearly 26.61% since the year began. Nevertheless, the stocks have risen 33.69% over the past one year. While a 52-week high of $299.98 was reached on 03/15/24, a 52-week low of $119.76 was recorded on 02/09/24. SMA at 50 days reached $245.35, while 200 days put it at $215.69. A total of 0.22 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For MDGL Stock

The 24-hour chart illustrates a support level at 288.95, which if violated will result in even more drops to 284.95. On the upside, there is a resistance level at 296.22. A further resistance level may holdings at 299.49. The Relative Strength Index (RSI) on the 14-day chart is 65.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.10%. Stochastics%K at 82.44% indicates the stock is a selling.

The most recent change occurred on March 06, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $382 price target.

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