Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. ARS Pharmaceuticals Inc shares valued at $1,149,775 were sold by Tanimoto Sarina on Sep 10 ’24. At $11.50 per share, Tanimoto Sarina sold 100,000 shares. The insider’s holdings dropped to 1,396,494 shares worth approximately $17.64 million following the completion of this transaction.
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Also, Lowenthal Richard E sold 100,000 shares, netting a total of over 1,149,775 in proceeds. Following the sale of shares at $11.50 each, the insider now holds 1,396,494 shares.
Before that, Lowenthal Richard E had added 300,000 shares to its account. In a trade valued at $3,408,000, the Officer bought ARS Pharmaceuticals Inc shares for $11.36 each.
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 7.49%. Over the course of the year, ARS Pharmaceuticals Inc shares have jumped approximately 130.47%. 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 $11.51, while a 200-day SMA reached $8.66. Nevertheless, trading volume fell to 0.67 million shares from 0.96 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 12.22, which, if violated, would cause prices to drop to 11.81. In the upper region, resistance lies at 12.84. The next price resistance is at 13.05. RSI (Relative Strength Index) is 54.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 48.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
