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. Alnylam Pharmaceuticals Inc shares valued at $4,200,000 were sold by Greenstreet Yvonne on Aug 20 ’24. At $280.00 per share, Greenstreet Yvonne sold 15,000 shares. The insider’s holdings dropped to 73,441 shares worth approximately $19.79 million following the completion of this transaction.
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Also, Greenstreet Yvonne purchased 15,000 shares, netting a total of over 4,200,000 in proceeds.
Before that, Fitzgerald Kevin Joseph had sold 22,025 shares from its account. In a trade valued at $5,968,516, the CSO & EVP, Head of Research traded Alnylam Pharmaceuticals Inc shares for $270.99 each. Upon closing the transaction, the insider’s holdings decreased to 22,025 shares, worth approximately $3.47 million.
As published in a research note from Goldman on August 16, 2024, Alnylam Pharmaceuticals Inc [ALNY] has been rated up from a Neutral to a Buy and the price target has been revised to $370 from $198. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid February. As of February 15, 2024, Wolfe Research has initiated its “Peer perform” rating for ALNY. Earlier on December 08, 2023, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for ALNY stock.
Analyzing ALNY Stock Performance
During the last five days, there has been a drop of approximately -1.84%. Over the course of the year, Alnylam Pharmaceuticals Inc shares have jumped approximately 40.81%. Shares of the company reached a 52-week high of $287.55 on 08/29/24 and a 52-week low of $141.98 on 04/25/24. A 50-day SMA is recorded $265.47, while a 200-day SMA reached $196.51. Nevertheless, trading volume fell to 0.68 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Alnylam Pharmaceuticals Inc (ALNY)
According to the 24-hour chart, there is a support level at 267.76, which, if violated, would cause prices to drop to 265.98. In the upper region, resistance lies at 271.90. The next price resistance is at 274.26. RSI (Relative Strength Index) is 50.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
