Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Travere Therapeutics Inc shares valued at $562,324 were sold by Meckler Jeffrey A on Sep 30 ’24. At $14.06 per share, Meckler Jeffrey A sold 40,000 shares. The insider’s holdings dropped to 81,000 shares worth approximately $1.11 million following the completion of this transaction.
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Also, JEFFREY MECKLER purchased 40,000 shares, netting a total of over 562,324 in proceeds.
Before that, Calvin Sandra had added 15,000 shares to its account. In a trade valued at $222,000, the Officer bought Travere Therapeutics Inc shares for $14.80 each.
As published in a research note from Guggenheim on September 09, 2024, Travere Therapeutics Inc [TVTX] has been rated up from a Neutral to a Buy and the price target has been revised to $25. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late March. As of December 05, 2023, Citigroup has increased its “Neutral” rating to a “Buy” for TVTX. Earlier on November 20, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for TVTX stock.
Analyzing TVTX Stock Performance
During the last five days, there has been a drop of approximately -9.24%. Over the course of the year, Travere Therapeutics Inc shares have jumped approximately 51.84%. Shares of the company reached a 52-week high of $15.36 on 09/23/24 and a 52-week low of $5.12 on 04/25/24. A 50-day SMA is recorded $11.00, while a 200-day SMA reached $8.64. Nevertheless, trading volume fell to 1.24 million shares from 3.65 million shares the previous day.
Support And Resistance Levels for Travere Therapeutics Inc (TVTX)
According to the 24-hour chart, there is a support level at 13.25, which, if violated, would cause prices to drop to 12.85. In the upper region, resistance lies at 14.04. The next price resistance is at 14.43. RSI (Relative Strength Index) is 58.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.55, which suggests the price will decrease in the coming days. Percent R is at 79.91%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
