Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ATAI Life Sciences N.V. shares valued at $16,093,000 were sold by ATAI Life Sciences N.V. on Sep 26 ’24. At $6.05 per share, ATAI Life Sciences N.V. sold 2,660,000 shares. The insider’s holdings dropped to 6,905,774 shares worth approximately $7.46 million following the completion of this transaction.
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Also, Brand Florian sold 151,303 shares, netting a total of over 290,502 in proceeds. Following the sale of shares at $1.92 each, the insider now holds 328,697 shares.
Before that, Johnson Anne Nagengast had sold 27,410 shares from its account. In a trade valued at $50,708, the Chief Financial Officer traded ATAI Life Sciences N.V. shares for $1.85 each. Upon closing the transaction, the insider’s holdings decreased to 27,410 shares, worth approximately $79477.20000000001.
As published in a research note from Maxim Group on April 03, 2024, ATAI Life Sciences N.V. [ATAI] has been rated up from a Hold to a Buy and the price target has been revised to $6. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of November 30, 2021, Maxim Group has initiated its “Buy” rating for ATAI. Earlier on November 11, 2021, ROTH Capital initiated its rating. Their recommendation was “a Buy” for ATAI stock.
Analyzing ATAI Stock Performance
During the last five days, there has been a surge of approximately 1.89%. Over the course of the year, ATAI Life Sciences N.V. shares have dropped approximately -23.40%. Shares of the company reached a 52-week high of $2.8500 on 04/04/24 and a 52-week low of $1.0500 on 10/10/24. A 50-day SMA is recorded $1.2364, while a 200-day SMA reached $1.6284. Nevertheless, trading volume fell to 0.59 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for ATAI Life Sciences N.V. (ATAI)
According to the 24-hour chart, there is a support level at 1.0533, which, if violated, would cause prices to drop to 1.0267. In the upper region, resistance lies at 1.1033. The next price resistance is at 1.1267. RSI (Relative Strength Index) is 37.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0379, which suggests the price will decrease in the coming days. Percent R is at 84.10%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of ATAI Life Sciences N.V. (ATAI)?
On October 18, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $40.
