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. Assertio Holdings Inc shares valued at $11,100 were purchased by Vacirca Jeff L on Jun 11 ’24. At $1.11 per share, Vacirca Jeff L acquired 10,000 shares. The insider’s holdings grew to 151,159 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Mason Heather L purchased 25,000 shares, netting a total of over 24,250 in proceeds. Following the buying of shares at $0.97 each, the insider now holds 212,650 shares.
Before that, Tyree James L had sold 10,251 shares from its account. In a trade valued at $11,463, the Director traded Assertio Holdings Inc shares for $1.12 each. Upon closing the transaction, the insider’s holdings decreased to 10,251 shares, worth approximately $0.2 million.
As published in their initiating research note from Maxim Group on July 26, 2024, Assertio Holdings Inc [ASRT] has been a Buy and the price target has been revised to $3. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of November 07, 2022, Lake Street has initiated its “Buy” rating for ASRT. Earlier on November 30, 2018, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for ASRT stock which previously was a “a Buy”.
Analyzing ASRT Stock Performance
During the last five days, there has been a drop of approximately -0.92%. Over the course of the year, Assertio Holdings Inc shares have jumped approximately 0.93%. Shares of the company reached a 52-week high of $1.7980 on 07/18/24 and a 52-week low of $0.7324 on 04/25/24. A 50-day SMA is recorded $1.2003, while a 200-day SMA reached $1.0789. Nevertheless, trading volume fell to 0.57 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Assertio Holdings Inc (ASRT)
According to the 24-hour chart, there is a support level at 1.0600, which, if violated, would cause prices to drop to 1.0400. In the upper region, resistance lies at 1.1000. The next price resistance is at 1.1200. RSI (Relative Strength Index) is 37.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0564, which suggests the price will decrease in the coming days. Percent R is at 91.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
