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. Zevra Therapeutics Inc shares valued at $13,540 were purchased by Clifton R. LaDuane on Jul 17 ’24. At $6.77 per share, Clifton R. LaDuane acquired 2,000 shares. The insider’s holdings grew to 18,469 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Anderson Thomas purchased 10,000 shares, netting a total of over 68,065 in proceeds. Following the buying of shares at $6.81 each, the insider now holds 20,000 shares.
Before that, Bode John B had added 10,000 shares to its account. In a trade valued at $58,661, the Director bought Zevra Therapeutics Inc shares for $5.87 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.21 million.
As published in a research note from Maxim Group on September 24, 2024, Zevra Therapeutics Inc [ZVRA] has been retained to a Buy and the price target has been revised to $25. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late September. As of April 02, 2024, Maxim Group has reiterated its “Buy” rating for ZVRA. Earlier on March 12, 2024, William Blair initiated its rating. Their recommendation was “an Outperform” for ZVRA stock.
Analyzing ZVRA Stock Performance
During the last five days, there has been a drop of approximately -5.63%. Over the course of the year, Zevra Therapeutics Inc shares have jumped approximately 8.70%. Shares of the company reached a 52-week high of $8.95 on 09/20/24 and a 52-week low of $4.20 on 07/05/24. A 50-day SMA is recorded $7.17, while a 200-day SMA reached $5.86. Nevertheless, trading volume fell to 0.82 million shares from 0.87 million shares the previous day.
Support And Resistance Levels for Zevra Therapeutics Inc (ZVRA)
According to the 24-hour chart, there is a support level at 6.79, which, if violated, would cause prices to drop to 6.47. In the upper region, resistance lies at 7.43. The next price resistance is at 7.74. RSI (Relative Strength Index) is 46.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 78.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
