Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Teva- Pharmaceutical Industries Ltd. ADR shares valued at $327,085 were purchased by Fox Christine on Nov 20 ’24. At $16.87 per share, Fox Christine acquired 19,388 shares.
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Also, Daniell Richard sold 98,943 shares, netting a total of over 1,711,447 in proceeds. Following the sale of shares at $17.30 each, the insider now holds 0 shares.
Before that, Grant Angus had sold 4,065 shares from its account. In a trade valued at $70,243, the EVP, Business Development traded Teva- Pharmaceutical Industries Ltd. ADR shares for $17.28 each. Upon closing the transaction, the insider’s holdings decreased to 4,065 shares, worth approximately $0.15 million.
As published in a research note from Argus on July 10, 2024, Teva- Pharmaceutical Industries Ltd. ADR [TEVA] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early March. As of February 12, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for TEVA. Earlier on January 23, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for TEVA stock which previously was a “a Hold”.
Analyzing TEVA Stock Performance
During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Teva- Pharmaceutical Industries Ltd. ADR shares have jumped approximately 63.12%. Shares of the company reached a 52-week high of $19.31 on 11/06/24 and a 52-week low of $10.45 on 01/02/24. A 50-day SMA is recorded $17.72, while a 200-day SMA reached $16.12. Nevertheless, trading volume fell to 6.3 million shares from 7.15 million shares the previous day.
Support And Resistance Levels for Teva- Pharmaceutical Industries Ltd. ADR (TEVA)
According to the 24-hour chart, there is a support level at 16.83, which, if violated, would cause prices to drop to 16.64. In the upper region, resistance lies at 17.19. The next price resistance is at 17.35. RSI (Relative Strength Index) is 43.15 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 72.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
