Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Amicus Therapeutics Inc shares valued at $98,800 were sold by Campbell Bradley L on Nov 06 ’24. At $12.50 per share, Campbell Bradley L sold 7,901 shares. The insider’s holdings dropped to 886,654 shares worth approximately $8.42 million following the completion of this transaction.
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Also, BRADLEY CAMPBELL purchased 7,901 shares, netting a total of over 92,758 in proceeds.
Before that, Campbell Bradley L had sold 7,500 shares from its account. In a trade valued at $85,960, the President and CEO traded Amicus Therapeutics Inc shares for $11.46 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $8.42 million.
As published in their initiating research note from Jefferies on September 06, 2024, Amicus Therapeutics Inc [FOLD] has been a Buy and the price target has been revised to $18. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late May. As of May 14, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for FOLD. Earlier on December 19, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for FOLD stock which previously was a “an Equal-weight”.
Analyzing FOLD Stock Performance
During the last five days, there has been a drop of approximately -5.85%. Over the course of the year, Amicus Therapeutics Inc shares have dropped approximately -33.05%. Shares of the company reached a 52-week high of $14.53 on 01/02/24 and a 52-week low of $9.02 on 05/13/24. A 50-day SMA is recorded $10.86, while a 200-day SMA reached $10.99. Nevertheless, trading volume fell to 1.61 million shares from 1.96 million shares the previous day.
Support And Resistance Levels for Amicus Therapeutics Inc (FOLD)
According to the 24-hour chart, there is a support level at 9.38, which, if violated, would cause prices to drop to 9.26. In the upper region, resistance lies at 9.63. The next price resistance is at 9.76. RSI (Relative Strength Index) is 28.33 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 96.04%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
