Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ARS Pharmaceuticals Inc shares valued at $1,088,035 were sold by Thompson Peter A. on Aug 26 ’24. At $13.00 per share, Thompson Peter A. sold 83,695 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, ORBIMED ADVISORS LLC sold 83,695 shares, netting a total of over 1,088,035 in proceeds. Following the sale of shares at $13.00 each, the insider now holds 0 shares.
Before that, Thompson Peter A. had sold 407,700 shares from its account. In a trade valued at $5,526,601, the Director traded ARS Pharmaceuticals Inc shares for $13.56 each. Upon closing the transaction, the insider’s holdings decreased to 407,700 shares, worth approximately $7.48 million.
As published in their initiating research note from Cantor Fitzgerald on August 20, 2024, ARS Pharmaceuticals Inc [SPRY] has been an Overweight. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid August. As of August 12, 2024, Leerink Partners has reiterated its “an Outperform” rating for SPRY. Earlier on July 25, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for SPRY stock.
Analyzing SPRY Stock Performance
During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, ARS Pharmaceuticals Inc shares have jumped approximately 150.73%. Shares of the company reached a 52-week high of $16.50 on 08/20/24 and a 52-week low of $5.19 on 01/04/24. A 50-day SMA is recorded $10.74, while a 200-day SMA reached $8.28. Nevertheless, trading volume fell to 0.98 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for ARS Pharmaceuticals Inc (SPRY)
According to the 24-hour chart, there is a support level at 13.52, which, if violated, would cause prices to drop to 13.30. In the upper region, resistance lies at 14.07. The next price resistance is at 14.39. RSI (Relative Strength Index) is 62.09 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 40.41%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
