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Taking a look at what insiders are doing to gauge the Takeda Pharmaceutical Co ADR (TAK)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Takeda Pharmaceutical Co ADR shares valued at $284,951 were purchased by Giles Richard Platford on Aug 23 ’24. At $14.94 per share, Giles Richard Platford acquired 19,073 shares.

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Also, TAKEDA PHARMACEUTICAL CO LTD sold 3,703,703 shares, netting a total of over 29,999,994 in proceeds. Following the sale of shares at $8.10 each, the insider now holds 3,755,583 shares.

As published in a research note from BofA Securities on March 16, 2023, Takeda Pharmaceutical Co ADR [TAK] has been rated up from a Neutral to a Buy and the price target has been revised to $20. Analysts at Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of October 07, 2021, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for TAK. Earlier on April 19, 2021, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for TAK stock which previously was a “an Overweight”.

Analyzing TAK Stock Performance

During the last five days, there has been a drop of approximately -1.62%. Over the course of the year, Takeda Pharmaceutical Co ADR shares have jumped approximately 2.17%. Shares of the company reached a 52-week high of $15.08 on 08/23/24 and a 52-week low of $12.57 on 06/20/24. A 50-day SMA is recorded $14.38, while a 200-day SMA reached $13.98. Nevertheless, trading volume fell to 5.77 million shares from 1.91 million shares the previous day.

Support And Resistance Levels for Takeda Pharmaceutical Co ADR (TAK)

According to the 24-hour chart, there is a support level at 14.51, which, if violated, would cause prices to drop to 14.44. In the upper region, resistance lies at 14.69. The next price resistance is at 14.80. RSI (Relative Strength Index) is 45.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 92.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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