Incyte Corp’s recent filing unveils that 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 $1.88 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 $2.76 million.
BofA Securities upgraded its Incyte Corp [INCY] rating to a Buy from a a Neutral in a research note published on October 29, 2024; the price target was increased to $90 from $68. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Truist also remained covering INCY and has decreased its forecast on September 18, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on July 02, 2024. It rated INCY as “an Underperform” which previously was an “a Market perform”.
Price Performance Review of INCY
On Monday, Incyte Corp [NASDAQ:INCY] saw its stock fall -0.50% to $75.75. Over the last five days, the stock has gained 15.31%. Incyte Corp shares have risen nearly 20.64% since the year began. Nevertheless, the stocks have risen 40.36% over the past one year. While a 52-week high of $76.33 was reached on 11/04/24, a 52-week low of $50.35 was recorded on 04/30/24. SMA at 50 days reached $66.24, while 200 days put it at $60.89.
Levels Of Support And Resistance For INCY Stock
The 24-hour chart illustrates a support level at 75.02, which if violated will result in even more drops to 74.30. On the upside, there is a resistance level at 76.52. A further resistance level may holdings at 77.30. The Relative Strength Index (RSI) on the 14-day chart is 77.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.85%. Stochastics %K at 95.31% indicates the stock is a selling.
How much short interest is there in Incyte Corp?
A steep rise in short interest was recorded in Incyte Corp stocks on 2024-10-15, dropping by -2.29 million shares to a total of 7.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.64 million shares. There was a decline of -31.2%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 23, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $55 price target.
