The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Aadi Bioscience Inc shares valued at $214,416 were purchased by Desai Neil on Sep 03 ’24. At $1.79 per share, Desai Neil acquired 120,000 shares.
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Also, Desai Neil sold 18,933 shares, netting a total of over 26,705 in proceeds. Following the sale of shares at $1.41 each, the insider now holds 1,217,195 shares.
Before that, Desai Neil had sold 15,415 shares from its account. In a trade valued at $23,055, the EXECUTIVE CHAIRMAN traded Aadi Bioscience Inc shares for $1.50 each. Upon closing the transaction, the insider’s holdings decreased to 15,415 shares, worth approximately $2.23 million.
As published in a research note from Piper Sandler on August 27, 2024, Aadi Bioscience Inc [AADI] has been rated down from an Overweight to a Neutral and the price target has been revised to $1.75 from $5. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late August. As of August 21, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for AADI. Earlier on December 15, 2023, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for AADI stock which previously was a “a Buy”.
Analyzing AADI Stock Performance
During the last five days, there has been a surge of approximately 7.14%. Over the course of the year, Aadi Bioscience Inc shares have dropped approximately -10.89%. Shares of the company reached a 52-week high of $2.4700 on 03/04/24 and a 52-week low of $1.2100 on 08/08/24. A 50-day SMA is recorded $1.5254, while a 200-day SMA reached $2.1214. Nevertheless, trading volume fell to 0.23 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Aadi Bioscience Inc (AADI)
According to the 24-hour chart, there is a support level at 1.7033, which, if violated, would cause prices to drop to 1.6067. In the upper region, resistance lies at 1.8733. The next price resistance is at 1.9467. RSI (Relative Strength Index) is 64.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1412, which suggests the price will decrease in the coming days. Percent R is at 12.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
