Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Regeneron Pharmaceuticals, Inc shares valued at $844,610 were sold by McCourt Marion on Nov 01 ’24. At $844.61 per share, McCourt Marion sold 1,000 shares. The insider’s holdings dropped to 12,931 shares worth approximately $9.61 million following the completion of this transaction.
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Also, MARION E MCCOURT purchased 1,000 shares, netting a total of over 844,610 in proceeds.
Before that, RYAN ARTHUR F had sold 100 shares from its account. In a trade valued at $104,878, the Director traded Regeneron Pharmaceuticals, Inc shares for $1048.78 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $13.07 million.
As published in their initiating research note from Wolfe Research on November 15, 2024, Regeneron Pharmaceuticals, Inc [REGN] has been an Outperform and the price target has been revised to $1150. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid November. As of September 24, 2024, Leerink Partners has decreased its “an Outperform” rating to a “Market perform” for REGN. Earlier on March 12, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for REGN stock.
Analyzing REGN Stock Performance
During the last five days, there has been a drop of approximately -7.58%. Over the course of the year, Regeneron Pharmaceuticals, Inc shares have dropped approximately -15.36%. Shares of the company reached a 52-week high of $1,211.20 on 08/27/24 and a 52-week low of $736.01 on 11/20/24. A 50-day SMA is recorded $961.76, while a 200-day SMA reached $1,003.62. Nevertheless, trading volume fell to 0.65 million shares from 0.98 million shares the previous day.
Support And Resistance Levels for Regeneron Pharmaceuticals, Inc (REGN)
According to the 24-hour chart, there is a support level at 736.01, which, if violated, would cause prices to drop to 728.67. In the upper region, resistance lies at 750.69. The next price resistance is at 758.03. RSI (Relative Strength Index) is 13.08 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -50.85, which suggests the price will decrease in the coming days. Percent R is at 94.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
