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. Sarepta Therapeutics Inc shares valued at $822,100 were sold by Estepan Ian Michael on Aug 30 ’24. At $137.36 per share, Estepan Ian Michael sold 5,985 shares. The insider’s holdings dropped to 33,946 shares worth approximately $4.27 million following the completion of this transaction.
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Also, Estepan Ian Michael purchased 5,985 shares, netting a total of over 822,130 in proceeds.
Before that, Chambers Michael Andrew had added 37,038 shares to its account. In a trade valued at $4,955,728, the Director bought Sarepta Therapeutics Inc shares for $133.80 each. Upon closing the transaction, the insider’s holdings increased to 37,038 shares, worth approximately $35.77 million.
Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of June 26, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for SRPT. Earlier on May 31, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for SRPT stock.
Analyzing SRPT Stock Performance
During the last five days, there has been a surge of approximately 6.72%. Over the course of the year, Sarepta Therapeutics Inc shares have jumped approximately 30.58%. Shares of the company reached a 52-week high of $173.25 on 06/21/24 and a 52-week low of $91.34 on 01/05/24. A 50-day SMA is recorded $129.29, while a 200-day SMA reached $129.37. Nevertheless, trading volume fell to 0.6 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Sarepta Therapeutics Inc (SRPT)
According to the 24-hour chart, there is a support level at 124.27, which, if violated, would cause prices to drop to 122.62. In the upper region, resistance lies at 126.96. The next price resistance is at 127.99. RSI (Relative Strength Index) is 52.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 16.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
