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A company insider recently sold 112,381 shares of Invivyd Inc [IVVD]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Invivyd Inc shares valued at $186,575 were sold by MCGUIRE TERRANCE on May 29 ’24. At $1.66 per share, MCGUIRE TERRANCE sold 112,381 shares. The insider’s holdings dropped to 4,688,079 shares worth approximately $5.39 million following the completion of this transaction.

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Also, Adimab, LLC sold 5,000,000 shares, netting a total of over 19,750,000 in proceeds. Following the sale of shares at $3.95 each, the insider now holds 21,687,906 shares.

As published in a research note from Guggenheim on April 05, 2024, Invivyd Inc [IVVD] has been rated up from a Neutral to a Buy and the price target has been revised to $9. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late March. As of December 19, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for IVVD. Earlier on May 01, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for IVVD stock.

Analyzing IVVD Stock Performance

During the last five days, there has been a surge of approximately 35.07%. Over the course of the year, Invivyd Inc shares have dropped approximately -70.81%. Shares of the company reached a 52-week high of $5.1950 on 01/31/24 and a 52-week low of $0.8116 on 09/09/24. A 50-day SMA is recorded $1.0712, while a 200-day SMA reached $2.5254. Nevertheless, trading volume fell to 0.8 million shares from 0.49 million shares the previous day.

Support And Resistance Levels for Invivyd Inc (IVVD)

According to the 24-hour chart, there is a support level at 1.0368, which, if violated, would cause prices to drop to 0.9236. In the upper region, resistance lies at 1.2141. The next price resistance is at 1.2782. RSI (Relative Strength Index) is 58.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0811, which suggests the price will decrease in the coming days. Percent R is at 33.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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