Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Akero Therapeutics Inc shares valued at $327,400 were purchased by CATRIONA YALE on Nov 06 ’24. At $32.74 per share, CATRIONA YALE acquired 10,000 shares.
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Also, Young Jonathan sold 50,716 shares, netting a total of over 1,601,252 in proceeds. Following the sale of shares at $31.57 each, the insider now holds 216,286 shares.
Before that, Cheng Andrew had sold 108,366 shares from its account. In a trade valued at $3,438,312, the President and CEO traded Akero Therapeutics Inc shares for $31.73 each. Upon closing the transaction, the insider’s holdings decreased to 108,366 shares, worth approximately $21.36 million.
Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of August 28, 2023, UBS has initiated its “Buy” rating for AKRO. Earlier on January 27, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for AKRO stock which previously was a “an Equal-weight”.
Analyzing AKRO Stock Performance
During the last five days, there has been a surge of approximately 14.92%. Over the course of the year, Akero Therapeutics Inc shares have jumped approximately 51.09%. Shares of the company reached a 52-week high of $37.00 on 03/04/24 and a 52-week low of $15.32 on 02/06/24. A 50-day SMA is recorded $28.71, while a 200-day SMA reached $24.77. Nevertheless, trading volume fell to 0.84 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 33.92, which, if violated, would cause prices to drop to 32.57. In the upper region, resistance lies at 36.17. The next price resistance is at 37.06. RSI (Relative Strength Index) is 72.72 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 5.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
