Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Apellis Pharmaceuticals Inc shares valued at $1,340,597 were sold by Dunlop A. Sinclair on Sep 16 ’24. At $36.23 per share, Dunlop A. Sinclair sold 37,000 shares. The insider’s holdings dropped to 100,000 shares worth approximately $2.81 million following the completion of this transaction.
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Also, Chopas James George sold 192 shares, netting a total of over 6,952 in proceeds. Following the sale of shares at $36.21 each, the insider now holds 38,141 shares.
Before that, Chopas James George had added 192 shares to its account. In a trade valued at $6,952, the Officer bought Apellis Pharmaceuticals Inc shares for $36.21 each.
As published in their initiating research note from Piper Sandler on May 31, 2024, Apellis Pharmaceuticals Inc [APLS] has been a Neutral and the price target has been revised to $46. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of December 14, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for APLS. Earlier on November 09, 2023, Goldman initiated its rating. Their recommendation was “a Buy” for APLS stock.
Analyzing APLS Stock Performance
During the last five days, there has been a drop of approximately -6.00%. Over the course of the year, Apellis Pharmaceuticals Inc shares have dropped approximately -53.12%. Shares of the company reached a 52-week high of $73.80 on 01/09/24 and a 52-week low of $26.69 on 10/02/24. A 50-day SMA is recorded $36.26, while a 200-day SMA reached $48.61. Nevertheless, trading volume fell to 7.55 million shares from 5.67 million shares the previous day.
Support And Resistance Levels for Apellis Pharmaceuticals Inc (APLS)
According to the 24-hour chart, there is a support level at 27.48, which, if violated, would cause prices to drop to 26.90. In the upper region, resistance lies at 29.07. The next price resistance is at 30.08. RSI (Relative Strength Index) is 27.58 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.56, which suggests the price will decrease in the coming days. Percent R is at 87.71%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
