In a filing, Incyte Corp. revealed its Principal Accounting Officer Tray Thomas unloaded Company’s shares for reported $36002.0 on Sep 12 ’24. In the deal valued at $62.94 per share,572 shares were sold. As a result of this transaction, Tray Thomas now holds 24,825 shares worth roughly $1.62 million.
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Then, Tray Thomas sold 382 shares, generating $24,207 in total proceeds. Upon selling the shares at $63.37, the Principal Accounting Officer now owns 24,443 shares.
Before that, Dickinson Jonathan Elliott sold 8,450 shares. Incyte Corp. shares valued at $526,948 were divested by the EVP, General Manager, Europe at a price of $62.36 per share. As a result of the transaction, Dickinson Jonathan Elliott now holds 36,390 shares, worth roughly $2.38 million.
Wolfe Research initiated its Incyte Corp. [INCY] rating to an Outperform in a research note published on October 01, 2024; the price target was $84. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in mid September from “a Buy” to “a Hold”. BMO Capital Markets also remained covering INCY and has decreased its forecast on July 02, 2024 with a “an Underperform” recommendation from previously “Market perform” rating. Deutsche Bank started covering the stock on May 23, 2024. It rated INCY as “a Hold”.
Price Performance Review of INCY
On Monday, Incyte Corp. [NASDAQ:INCY] saw its stock fall -1.69% to $65.27. Over the last five days, the stock has lost -0.26%. Incyte Corp. shares have risen nearly 3.95% since the year began. Nevertheless, the stocks have risen 17.31% over the past one year. While a 52-week high of $70.36 was reached on 07/25/24, a 52-week low of $50.27 was recorded on 04/30/24. SMA at 50 days reached $64.78, while 200 days put it at $60.54.
Levels Of Support And Resistance For INCY Stock
The 24-hour chart illustrates a support level at 64.58, which if violated will result in even more drops to 63.88. On the upside, there is a resistance level at 66.26. A further resistance level may holdings at 67.24. The Relative Strength Index (RSI) on the 14-day chart is 47.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.94%. Stochastics %K at 40.58% indicates the stock is a holding.
How much short interest is there in Incyte Corp.?
A steep rise in short interest was recorded in Incyte Corp. stocks on 2024-09-30, dropping by -4.0 million shares to a total of 6.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.8 million shares. There was a decline of -58.82%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 23, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”a Neutral”‘ rating .
