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A company insider recently sold 28,500 shares of Ideaya Biosciences Inc [IDYA]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ideaya Biosciences Inc shares valued at $1,032,884 were sold by WHITE MICHAEL ANTHONY on May 29 ’24. At $36.24 per share, WHITE MICHAEL ANTHONY sold 28,500 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Hata Yujiro S sold 34,433 shares, netting a total of over 1,439,754 in proceeds. Following the sale of shares at $41.81 each, the insider now holds 677,887 shares.

Before that, Hata Yujiro S had sold 83,856 shares from its account. In a trade valued at $3,597,756, the President and CEO traded Ideaya Biosciences Inc shares for $42.90 each. Upon closing the transaction, the insider’s holdings decreased to 83,856 shares, worth approximately $28.78 million.

As published in their initiating research note from Mizuho on July 08, 2024, Ideaya Biosciences Inc [IDYA] has been an Outperform and the price target has been revised to $50. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of August 08, 2023, SVB Securities has initiated its “an Outperform” rating for IDYA. Earlier on May 24, 2023, Goldman initiated its rating. Their recommendation was “a Buy” for IDYA stock.

Analyzing IDYA Stock Performance

During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Ideaya Biosciences Inc shares have jumped approximately 19.34%. Shares of the company reached a 52-week high of $47.74 on 02/15/24 and a 52-week low of $32.83 on 07/05/24. A 50-day SMA is recorded $38.77, while a 200-day SMA reached $38.28. Nevertheless, trading volume fell to 0.62 million shares from 1.06 million shares the previous day.

Support And Resistance Levels for Ideaya Biosciences Inc (IDYA)

According to the 24-hour chart, there is a support level at 41.85, which, if violated, would cause prices to drop to 41.23. In the upper region, resistance lies at 43.56. The next price resistance is at 44.65. RSI (Relative Strength Index) is 59.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.50, which suggests the price will decrease in the coming days. Percent R is at 43.85%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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