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. Zevra Therapeutics Inc shares valued at $3,958 were purchased by Watton Corey Michael on Oct 11 ’24. At $7.92 per share, Watton Corey Michael acquired 500 shares. The insider’s holdings grew to 1,500 shares worth approximately $13215.0 following the completion of this transaction.
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Also, Clifton R. LaDuane purchased 2,000 shares, netting a total of over 13,540 in proceeds. Following the buying of shares at $6.77 each, the insider now holds 18,469 shares.
Before that, Anderson Thomas had added 10,000 shares to its account. In a trade valued at $68,065, the Director bought Zevra Therapeutics Inc shares for $6.81 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.18 million.
As published in their initiating research note from Guggenheim on October 07, 2024, Zevra Therapeutics Inc [ZVRA] has been a Buy and the price target has been revised to $20. Analysts at Maxim Group resumed the stock at ‘”a Buy”‘ outlook in a report released in late September. As of September 24, 2024, JMP Securities has initiated its “Mkt outperform” rating for ZVRA. Earlier on April 02, 2024, Maxim Group resumed its rating. Their recommendation was “a Buy” for ZVRA stock.
Analyzing ZVRA Stock Performance
During the last five days, there has been a surge of approximately 8.10%. Over the course of the year, Zevra Therapeutics Inc shares have jumped approximately 34.50%. Shares of the company reached a 52-week high of $9.03 on 11/07/24 and a 52-week low of $4.20 on 07/05/24. A 50-day SMA is recorded $7.86, while a 200-day SMA reached $6.19. Nevertheless, trading volume fell to 0.52 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Zevra Therapeutics Inc (ZVRA)
According to the 24-hour chart, there is a support level at 8.64, which, if violated, would cause prices to drop to 8.48. In the upper region, resistance lies at 9.00. The next price resistance is at 9.20. RSI (Relative Strength Index) is 62.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 16.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
