Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Assertio Holdings Inc shares valued at $60,000 were purchased by Mason Heather L on Nov 18 ’24. At $0.80 per share, Mason Heather L acquired 75,000 shares. The insider’s holdings grew to 287,650 shares worth approximately $0.28 million following the completion of this transaction.
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Also, O’Grady Brendan P. purchased 11,706 shares, netting a total of over 9,950 in proceeds. Following the buying of shares at $0.85 each, the insider now holds 11,706 shares.
Before that, Vacirca Jeff L had added 10,000 shares to its account. In a trade valued at $11,100, the Director bought Assertio Holdings Inc shares for $1.11 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.15 million.
As published in their initiating research note from Maxim Group on July 26, 2024, Assertio Holdings Inc [ASRT] has been a Buy and the price target has been revised to $3. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of November 07, 2022, Lake Street has initiated its “Buy” rating for ASRT. Earlier on November 30, 2018, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for ASRT stock which previously was a “a Buy”.
Analyzing ASRT Stock Performance
During the last five days, there has been a surge of approximately 14.70%. Over the course of the year, Assertio Holdings Inc shares have dropped approximately -9.75%. Shares of the company reached a 52-week high of $1.7980 on 07/18/24 and a 52-week low of $0.7324 on 04/25/24. A 50-day SMA is recorded $1.0843, while a 200-day SMA reached $1.0929. Nevertheless, trading volume fell to 0.74 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Assertio Holdings Inc (ASRT)
According to the 24-hour chart, there is a support level at 0.9188, which, if violated, would cause prices to drop to 0.8718. In the upper region, resistance lies at 0.9894. The next price resistance is at 1.0130. RSI (Relative Strength Index) is 48.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0378, which suggests the price will decrease in the coming days. Percent R is at 38.10%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
