Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Acadia Pharmaceuticals Inc shares valued at $148,720 were sold by Schneyer Mark C. on Aug 19 ’24. At $15.28 per share, Schneyer Mark C. sold 9,733 shares. The insider’s holdings dropped to 43,735 shares worth approximately $0.63 million following the completion of this transaction.
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Also, Teehan Brendan sold 9,534 shares, netting a total of over 145,680 in proceeds. Following the sale of shares at $15.28 each, the insider now holds 52,177 shares.
Before that, DAVIS STEPHEN had sold 31,747 shares from its account. In a trade valued at $485,094, the CEO traded Acadia Pharmaceuticals Inc shares for $15.28 each. Upon closing the transaction, the insider’s holdings decreased to 31,747 shares, worth approximately $2.7 million.
Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early August. As of June 27, 2024, BMO Capital Markets has initiated its “an Outperform” rating for ACAD. Earlier on March 12, 2024, Needham resumed its rating. Their recommendation was “a Buy” for ACAD stock.
Analyzing ACAD Stock Performance
During the last five days, there has been a drop of approximately -4.55%. Over the course of the year, Acadia Pharmaceuticals Inc shares have dropped approximately -53.75%. Shares of the company reached a 52-week high of $31.82 on 01/02/24 and a 52-week low of $14.15 on 10/23/24. A 50-day SMA is recorded $15.55, while a 200-day SMA reached $18.41. Nevertheless, trading volume fell to 0.78 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Acadia Pharmaceuticals Inc (ACAD)
According to the 24-hour chart, there is a support level at 14.33, which, if violated, would cause prices to drop to 14.17. In the upper region, resistance lies at 14.57. The next price resistance is at 14.65. RSI (Relative Strength Index) is 39.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 76.60%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
