Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Recursion Pharmaceuticals Inc shares valued at $95,374 were sold by Secora Michael on Oct 09 ’24. At $6.36 per share, Secora Michael sold 15,000 shares. The insider’s holdings dropped to 1,450,881 shares worth approximately $8.97 million following the completion of this transaction.
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Also, Secora Michael sold 15,000 shares, netting a total of over 94,756 in proceeds. Following the sale of shares at $6.32 each, the insider now holds 1,426,506 shares.
Before that, Secora Michael had added 15,000 shares to its account. In a trade valued at $95,375, the Officer bought Recursion Pharmaceuticals Inc shares for $6.36 each.
As published in their initiating research note from Morgan Stanley on May 22, 2023, Recursion Pharmaceuticals Inc [RXRX] has been an Equal-weight and the price target has been revised to $8. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of September 16, 2022, KeyBanc Capital Markets has initiated its “an Overweight” rating for RXRX. Earlier on April 18, 2022, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for RXRX stock which previously was a “a Buy”.
Analyzing RXRX Stock Performance
During the last five days, there has been a surge of approximately 1.98%. Over the course of the year, Recursion Pharmaceuticals Inc shares have dropped approximately -37.32%. Shares of the company reached a 52-week high of $15.74 on 02/27/24 and a 52-week low of $5.89 on 09/04/24. A 50-day SMA is recorded $6.70, while a 200-day SMA reached $8.89. Nevertheless, trading volume fell to 4.96 million shares from 5.74 million shares the previous day.
Support And Resistance Levels for Recursion Pharmaceuticals Inc (RXRX)
According to the 24-hour chart, there is a support level at 6.02, which, if violated, would cause prices to drop to 5.85. In the upper region, resistance lies at 6.28. The next price resistance is at 6.37. RSI (Relative Strength Index) is 42.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 82.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
