Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Biomarin Pharmaceutical Inc. shares valued at $64,260 were sold by Burkhart Erin on Aug 13 ’24. At $90.00 per share, Burkhart Erin sold 714 shares. The insider’s holdings dropped to 14,449 shares worth approximately $1.0 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Burkhart Erin purchased 714 shares, netting a total of over 64,260 in proceeds.
Before that, Mueller Brian had sold 5,000 shares from its account. In a trade valued at $375,950, the EVP, Chief Financial Officer traded Biomarin Pharmaceutical Inc. shares for $75.19 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $5.01 million.
Analysts at Bernstein upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid August. As of May 17, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for BMRN. Earlier on May 14, 2024, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for BMRN stock.
Analyzing BMRN Stock Performance
During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, Biomarin Pharmaceutical Inc. shares have dropped approximately -27.95%. Shares of the company reached a 52-week high of $99.25 on 01/08/24 and a 52-week low of $67.75 on 09/24/24. A 50-day SMA is recorded $79.78, while a 200-day SMA reached $84.31. Nevertheless, trading volume fell to 0.93 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Biomarin Pharmaceutical Inc. (BMRN)
According to the 24-hour chart, there is a support level at 69.11, which, if violated, would cause prices to drop to 68.76. In the upper region, resistance lies at 70.05. The next price resistance is at 70.64. RSI (Relative Strength Index) is 34.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 50.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
