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. FibroGen Inc shares valued at $25,884 were purchased by Adib Deyaa on Jun 12 ’24. At $1.17 per share, Adib Deyaa acquired 22,123 shares. The insider’s holdings grew to 82,123 shares worth approximately $26279.36 following the completion of this transaction.
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Also, Wettig Thane purchased 50,000 shares, netting a total of over 95,470 in proceeds. Following the buying of shares at $1.91 each, the insider now holds 470,178 shares.
As published in a research note from BofA Securities on August 08, 2023, FibroGen Inc [FGEN] has been rated down from a Neutral to an Underperform and the price target has been revised to $2 from $4. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 26, 2023, Stifel has decreased its “Buy” rating to a “Hold” for FGEN. Earlier on June 26, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for FGEN stock which previously was a “an Outperform”.
Analyzing FGEN Stock Performance
During the last five days, there has been a drop of approximately -18.99%. Over the course of the year, FibroGen Inc shares have dropped approximately -63.89%. Shares of the company reached a 52-week high of $2.9300 on 02/12/24 and a 52-week low of $0.3011 on 10/09/24. A 50-day SMA is recorded $0.3835, while a 200-day SMA reached $1.1163. Nevertheless, trading volume fell to 1.62 million shares from 1.21 million shares the previous day.
Support And Resistance Levels for FibroGen Inc (FGEN)
According to the 24-hour chart, there is a support level at 0.3136, which, if violated, would cause prices to drop to 0.3072. In the upper region, resistance lies at 0.3314. The next price resistance is at 0.3428. RSI (Relative Strength Index) is 36.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0211, which suggests the price will decrease in the coming days. Percent R is at 81.21%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
