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Checking in on Amicus Therapeutics Inc (FOLD) after recent insiders movement

Amicus Therapeutics Inc’s recent filing unveils that its President and CEO Campbell Bradley L unloaded Company’s shares for reported $79492.0 on Oct 01 ’24. In the deal valued at $10.60 per share,7,500 shares were sold. As a result of this transaction, Campbell Bradley L now holds 886,654 shares worth roughly $9.4 million.

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Then, BRADLEY CAMPBELL bought 7,500 shares, generating $80,100 in total proceeds.

Before that, Campbell Bradley L sold 7,500 shares. Amicus Therapeutics Inc shares valued at $87,798 were divested by the President and CEO at a price of $11.71 per share. As a result of the transaction, Campbell Bradley L now holds 886,654 shares, worth roughly $9.4 million.

Jefferies initiated its Amicus Therapeutics Inc [FOLD] rating to a Buy in a research note published on September 06, 2024; the price target was $18. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late May with a ‘”an Overweight”‘ rating. Guggenheim also remained covering FOLD and has increased its forecast on May 14, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on December 19, 2023. It rated FOLD as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of FOLD

On Friday, Amicus Therapeutics Inc [NASDAQ:FOLD] saw its stock jump 0.38% to $10.60. Over the last five days, the stock has lost -1.03%. Amicus Therapeutics Inc shares have fallen nearly -25.30% since the year began. Nevertheless, the stocks have fallen -1.67% over the past one year. While a 52-week high of $14.57 was reached on 01/02/24, a 52-week low of $9.02 was recorded on 05/13/24. SMA at 50 days reached $11.08, while 200 days put it at $11.38.

Levels Of Support And Resistance For FOLD Stock

The 24-hour chart illustrates a support level at 10.48, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 10.70. A further resistance level may holdings at 10.80. The Relative Strength Index (RSI) on the 14-day chart is 37.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.13%. Stochastics %K at 17.72% indicates the stock is a buying.

How much short interest is there in Amicus Therapeutics Inc?

A steep rise in short interest was recorded in Amicus Therapeutics Inc stocks on 2024-09-13, dropping by -1.23 million shares to a total of 22.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 24.04 million shares. There was a decline of -5.41%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 09, 2022 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $14 price target.

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