Akero Therapeutics Inc’s recent filing unveils that its Chief Operating Officer Young Jonathan unloaded Company’s shares for reported $0.28 million on Oct 01 ’24. In the deal valued at $28.18 per share,10,000 shares were sold. As a result of this transaction, Young Jonathan now holds 226,286 shares worth roughly $6.37 million.
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Then, Jonathan Young bought 110,716 shares, generating $3,156,513 in total proceeds.
Before that, Yale Catriona sold 5,500 shares. Akero Therapeutics Inc shares valued at $152,086 were divested by the Chief Development Officer at a price of $27.65 per share. As a result of the transaction, Yale Catriona now holds 75,294 shares, worth roughly $2.12 million.
A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. UBS began covering AKRO with “Buy” recommendation on August 28, 2023. Morgan Stanley revised its rating on January 27, 2023. It rated AKRO as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of AKRO
On Tuesday, Akero Therapeutics Inc [NASDAQ:AKRO] saw its stock jump 5.23% to $28.15. Over the last five days, the stock has lost -2.36%. Akero Therapeutics Inc shares have risen nearly 20.56% since the year began. Nevertheless, the stocks have fallen -44.07% over the past one year. While a 52-week high of $50.29 was reached on 03/04/24, a 52-week low of $11.25 was recorded on 02/06/24. SMA at 50 days reached $26.55, while 200 days put it at $23.95.
Levels Of Support And Resistance For AKRO Stock
The 24-hour chart illustrates a support level at 26.97, which if violated will result in even more drops to 25.80. On the upside, there is a resistance level at 29.17. A further resistance level may holdings at 30.19. The Relative Strength Index (RSI) on the 14-day chart is 53.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.45%. Stochastics %K at 39.32% indicates the stock is a holding.
How much short interest is there in Akero Therapeutics Inc?
A steep rise in short interest was recorded in Akero Therapeutics Inc stocks on 2024-09-13, dropping by 30211.0 shares to a total of 7.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.19 million shares. There was a decline of -0.42%, which implies that there is a negative sentiment for the stock.
