Ardelyx Inc’s recently made public that its Chief Development Officer Rosenbaum David P. unloaded Company’s shares for reported $0.17 million on Nov 06 ’24. In the deal valued at $6.10 per share,27,171 shares were sold. As a result of this transaction, Rosenbaum David P. now holds 153,616 shares worth roughly $0.75 million.
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Then, Rosenbaum David P. sold 27,172 shares, generating $161,673 in total proceeds. Upon selling the shares at $5.95, the Chief Development Officer now owns 153,616 shares.
Before that, RAAB MICHAEL sold 25,000 shares. Ardelyx Inc shares valued at $147,740 were divested by the President & CEO at a price of $5.91 per share. As a result of the transaction, RAAB MICHAEL now holds 1,210,108 shares, worth roughly $5.92 million.
H.C. Wainwright downgraded its Ardelyx Inc [ARDX] rating to a Neutral from a a Buy in a research note published on November 11, 2024; the price target was decreased to $5.50 from $11. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early July from “an Overweight” to “a Neutral”. Leerink Partners began covering ARDX with “an Outperform” recommendation on April 05, 2024. Raymond James started covering the stock on December 18, 2023. It rated ARDX as “a Strong buy”.
Price Performance Review of ARDX
On Monday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -3.45% to $4.89. Over the last five days, the stock has lost -16.89%. Ardelyx Inc shares have fallen nearly -21.05% since the year began. Nevertheless, the stocks have risen 37.50% over the past one year. While a 52-week high of $10.13 was reached on 02/12/24, a 52-week low of $3.43 was recorded on 11/11/24. SMA at 50 days reached $6.01, while 200 days put it at $6.88.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 4.50, which if violated will result in even more drops to 4.11. On the upside, there is a resistance level at 5.13. A further resistance level may holdings at 5.36. The Relative Strength Index (RSI) on the 14-day chart is 35.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.67%. Stochastics %K at 41.38% indicates the stock is a holding.
How much short interest is there in Ardelyx Inc?
A steep rise in short interest was recorded in Ardelyx Inc stocks on 2024-10-15, dropping by -3.04 million shares to a total of 22.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 25.93 million shares. There was a decline of -13.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 07, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
