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. Esperion Therapeutics Inc. shares valued at $26,132 were sold by Koenig Sheldon L. on Sep 17 ’24. At $1.80 per share, Koenig Sheldon L. sold 14,550 shares. The insider’s holdings dropped to 752,266 shares worth approximately $1.32 million following the completion of this transaction.
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Also, Warren Eric sold 2,608 shares, netting a total of over 4,650 in proceeds. Following the sale of shares at $1.78 each, the insider now holds 162,659 shares.
Before that, Foody Joanne M. had added 3,381 shares to its account. In a trade valued at $6,015, the Officer bought Esperion Therapeutics Inc. shares for $1.78 each.
As published in a research note from BofA Securities on June 20, 2024, Esperion Therapeutics Inc. [ESPR] has been rated down from a Neutral to an Underperform and the price target has been revised to $2.50. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early January. Earlier on August 01, 2023, Northland Capital upgraded its rating. Their new recommendation was “a Market perform” for ESPR stock which previously was a “an Under perform”.
Analyzing ESPR Stock Performance
Over the course of the year, Esperion Therapeutics Inc. shares have dropped approximately -41.47%. Shares of the company reached a 52-week high of $3.4000 on 04/08/24 and a 52-week low of $1.6250 on 09/06/24. A 50-day SMA is recorded $2.0194, while a 200-day SMA reached $2.2631. Nevertheless, trading volume fell to 3.31 million shares from 4.49 million shares the previous day.
Support And Resistance Levels for Esperion Therapeutics Inc. (ESPR)
According to the 24-hour chart, there is a support level at 1.7033, which, if violated, would cause prices to drop to 1.6567. In the upper region, resistance lies at 1.8233. The next price resistance is at 1.8967. RSI (Relative Strength Index) is 44.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0083, which suggests the price will decrease in the coming days. Percent R is at 56.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
