Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Amylyx Pharmaceuticals Inc shares valued at $59,429 were sold by Klee Justin B. on Sep 30 ’24. At $3.20 per share, Klee Justin B. sold 18,589 shares. The insider’s holdings dropped to 3,120,569 shares worth approximately $19.41 million following the completion of this transaction.
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Also, Cohen Joshua B sold 18,589 shares, netting a total of over 59,414 in proceeds. Following the sale of shares at $3.20 each, the insider now holds 3,220,569 shares.
Before that, Bedrosian Camille L had sold 11,442 shares from its account. In a trade valued at $36,559, the Chief Medical Officer traded Amylyx Pharmaceuticals Inc shares for $3.20 each. Upon closing the transaction, the insider’s holdings decreased to 11,442 shares, worth approximately $0.89 million.
As published in a research note from BofA Securities on October 23, 2024, Amylyx Pharmaceuticals Inc [AMLX] has been rated up from a Neutral to a Buy and the price target has been revised to $10 from $4.20. Analysts at Mizuho downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of March 11, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for AMLX. Earlier on March 11, 2024, Leerink Partners downgraded its rating. Their new recommendation was “a Market perform” for AMLX stock which previously was a “an Outperform”.
Analyzing AMLX Stock Performance
During the last five days, there has been a surge of approximately 18.03%. Over the course of the year, Amylyx Pharmaceuticals Inc shares have dropped approximately -57.74%. Shares of the company reached a 52-week high of $19.95 on 02/29/24 and a 52-week low of $1.58 on 06/17/24. A 50-day SMA is recorded $3.58, while a 200-day SMA reached $4.73. Nevertheless, trading volume fell to 1.51 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Amylyx Pharmaceuticals Inc (AMLX)
According to the 24-hour chart, there is a support level at 5.86, which, if violated, would cause prices to drop to 5.51. In the upper region, resistance lies at 6.43. The next price resistance is at 6.65. RSI (Relative Strength Index) is 82.32 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 2.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
