Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sarepta Therapeutics Inc shares valued at $822,100 were sold by Estepan Ian Michael on Aug 30 ’24. At $137.36 per share, Estepan Ian Michael sold 5,985 shares. The insider’s holdings dropped to 33,946 shares worth approximately $4.31 million following the completion of this transaction.
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Also, Estepan Ian Michael purchased 5,985 shares, netting a total of over 822,130 in proceeds.
Before that, Chambers Michael Andrew had added 37,038 shares to its account. In a trade valued at $4,955,728, the Director bought Sarepta Therapeutics Inc shares for $133.80 each. Upon closing the transaction, the insider’s holdings increased to 37,038 shares, worth approximately $36.1 million.
As published in a research note from RBC Capital Mkts on July 29, 2024, Sarepta Therapeutics Inc [SRPT] has been rated up from a Sector perform to an Outperform and the price target has been revised to $182. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late June. As of May 31, 2024, Piper Sandler has initiated its “an Overweight” rating for SRPT. Earlier on May 28, 2024, RBC Capital Mkts downgraded its rating. Their new recommendation was “a Sector perform” for SRPT stock which previously was a “an Outperform”.
Analyzing SRPT Stock Performance
During the last five days, there has been a surge of approximately 1.40%. Over the course of the year, Sarepta Therapeutics Inc shares have jumped approximately 31.81%. Shares of the company reached a 52-week high of $173.25 on 06/21/24 and a 52-week low of $91.34 on 01/05/24. A 50-day SMA is recorded $138.09, while a 200-day SMA reached $126.40. Nevertheless, trading volume fell to 0.64 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Sarepta Therapeutics Inc (SRPT)
According to the 24-hour chart, there is a support level at 125.59, which, if violated, would cause prices to drop to 124.08. In the upper region, resistance lies at 128.63. The next price resistance is at 130.16. RSI (Relative Strength Index) is 38.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.89, which suggests the price will decrease in the coming days. Percent R is at 63.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.