Ardelyx Inc’s recent filing unveils that its Chief Development Officer Rosenbaum David P. unloaded Company’s shares for reported $0.34 million on Sep 27 ’24. In the deal valued at $6.92 per share,49,564 shares were sold. As a result of this transaction, Rosenbaum David P. now holds 301,946 shares worth roughly $1.85 million.
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Then, DAVID P ROSENBAUM bought 49,564 shares, generating $315,227 in total proceeds.
Before that, RAAB MICHAEL sold 3,000 shares. Ardelyx Inc shares valued at $18,210 were divested by the President & CEO at a price of $6.07 per share. As a result of the transaction, RAAB MICHAEL now holds 1,217,608 shares, worth roughly $7.46 million.
Piper Sandler downgraded its Ardelyx Inc [ARDX] rating to a Neutral from a an Overweight in a research note published on July 02, 2024; the price target was decreased to $7 from $15. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early April with a ‘”an Outperform”‘ rating. Raymond James began covering ARDX with “Strong buy” recommendation on December 18, 2023. H.C. Wainwright started covering the stock on September 07, 2023. It rated ARDX as “a Buy”.
Price Performance Review of ARDX
On Monday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -10.12% to $6.13. Over the last five days, the stock has lost -11.03%. Ardelyx Inc shares have fallen nearly -1.13% since the year began. Nevertheless, the stocks have risen 51.73% over the past one year. While a 52-week high of $10.13 was reached on 02/12/24, a 52-week low of $3.16 was recorded on 07/02/24. SMA at 50 days reached $6.05, while 200 days put it at $7.10.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 5.87, which if violated will result in even more drops to 5.60. On the upside, there is a resistance level at 6.62. A further resistance level may holdings at 7.10. The Relative Strength Index (RSI) on the 14-day chart is 47.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.92%. Stochastics %K at 55.94% indicates the stock is a holding.
How much short interest is there in Ardelyx Inc?
A steep rise in short interest was recorded in Ardelyx Inc stocks on 2024-09-13, dropping by 55404.0 shares to a total of 25.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 25.98 million shares. There was a decline of -0.21%, which implies that there is a negative sentiment for the stock.
