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An Analysis of Acadia Pharmaceuticals Inc (ACAD)’s Potential Price Growth

Acadia Pharmaceuticals Inc’s recent filing unveils that its EVP, CHIEF FINANCIAL OFFICER Schneyer Mark C. unloaded Company’s shares for reported $0.15 million on Aug 19 ’24. In the deal valued at $15.28 per share,9,733 shares were sold. As a result of this transaction, Schneyer Mark C. now holds 43,735 shares worth roughly $0.65 million.

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Then, Teehan Brendan sold 9,534 shares, generating $145,680 in total proceeds. Upon selling the shares at $15.28, the EVP, COO, HEAD OF COMMERCIAL now owns 52,177 shares.

Before that, DAVIS STEPHEN sold 31,747 shares. Acadia Pharmaceuticals Inc shares valued at $485,094 were divested by the CEO at a price of $15.28 per share. As a result of the transaction, DAVIS STEPHEN now holds 186,555 shares, worth roughly $2.75 million.

A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “an Equal-weight”. BMO Capital Markets began covering ACAD with “an Outperform” recommendation on June 27, 2024. Needham maintained its rating on March 12, 2024. It rated ACAD as “a Buy”.

Price Performance Review of ACAD

On Monday, Acadia Pharmaceuticals Inc [NASDAQ:ACAD] saw its stock fall -3.53% to $14.76. Over the last five days, the stock has lost -1.53%. Acadia Pharmaceuticals Inc shares have fallen nearly -52.86% since the year began. Nevertheless, the stocks have fallen -35.63% over the past one year. While a 52-week high of $32.59 was reached on 01/02/24, a 52-week low of $14.31 was recorded on 10/10/24. SMA at 50 days reached $15.61, while 200 days put it at $18.64.

Levels Of Support And Resistance For ACAD Stock

The 24-hour chart illustrates a support level at 14.34, which if violated will result in even more drops to 13.92. On the upside, there is a resistance level at 15.37. A further resistance level may holdings at 15.98. The Relative Strength Index (RSI) on the 14-day chart is 41.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.24%. Stochastics %K at 59.04% indicates the stock is a holding.

How much short interest is there in Acadia Pharmaceuticals Inc?

A steep rise in short interest was recorded in Acadia Pharmaceuticals Inc stocks on 2024-09-30, dropping by -2.29 million shares to a total of 7.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.27 million shares. There was a decline of -28.65%, which implies that there is a negative sentiment for the stock.

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