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. BeiGene Ltd ADR shares valued at $2,322,161 were sold by OYLER JOHN on Oct 08 ’24. At $232.22 per share, OYLER JOHN sold 10,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, OYLER JOHN sold 6,175 shares, netting a total of over 1,433,931 in proceeds. Following the sale of shares at $232.22 each, the insider now holds 0 shares.
Before that, JOHN F OYLER had added 6,175 shares to its account. In a trade valued at $1,500,648, the Director bought BeiGene Ltd ADR shares for $243.02 each.
As published in their initiating research note from JMP Securities on September 18, 2024, BeiGene Ltd ADR [BGNE] has been a Mkt outperform and the price target has been revised to $288. As of September 12, 2023, Macquarie has initiated its “an Outperform” rating for BGNE. Earlier on August 17, 2023, Jefferies initiated its rating. Their recommendation was “a Buy” for BGNE stock.
Analyzing BGNE Stock Performance
During the last five days, there has been a drop of approximately -6.80%. Over the course of the year, BeiGene Ltd ADR shares have jumped approximately 14.21%. Shares of the company reached a 52-week high of $248.16 on 10/04/24 and a 52-week low of $126.97 on 04/19/24. A 50-day SMA is recorded $211.37, while a 200-day SMA reached $171.33. Nevertheless, trading volume fell to 0.9 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for BeiGene Ltd ADR (BGNE)
According to the 24-hour chart, there is a support level at 202.91, which, if violated, would cause prices to drop to 199.84. In the upper region, resistance lies at 211.47. The next price resistance is at 216.96. RSI (Relative Strength Index) is 39.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.86, which suggests the price will decrease in the coming days. Percent R is at 97.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
