Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Assembly Biosciences Inc shares valued at $253,104 were purchased by Schornstein Alexander on Nov 22 ’24. At $14.87 per share, Schornstein Alexander acquired 17,024 shares. The insider’s holdings grew to 720,137 shares worth approximately $12.12 million following the completion of this transaction.
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Also, Schornstein Alexander purchased 7,976 shares, netting a total of over 118,890 in proceeds. Following the buying of shares at $14.91 each, the insider now holds 728,113 shares.
Before that, White Nicole S had sold 40 shares from its account. In a trade valued at $652, the Chief Manufacturing Officer traded Assembly Biosciences Inc shares for $16.29 each. Upon closing the transaction, the insider’s holdings decreased to 40 shares, worth approximately $0.2 million.
As published in a research note from Jefferies on September 20, 2024, Assembly Biosciences Inc [ASMB] has been rated up from a Hold to a Buy and the price target has been revised to $35 from $2. Analysts at H.C. Wainwright started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of September 02, 2021, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for ASMB. Earlier on March 23, 2021, SVB Leerink downgraded its rating. Their new recommendation was “a Mkt perform” for ASMB stock which previously was a “an Outperform”.
Analyzing ASMB Stock Performance
During the last five days, there has been a surge of approximately 12.05%. Over the course of the year, Assembly Biosciences Inc shares have jumped approximately 71.02%. Shares of the company reached a 52-week high of $19.93 on 09/23/24 and a 52-week low of $9.12 on 01/17/24. A 50-day SMA is recorded $16.35, while a 200-day SMA reached $14.73. Nevertheless, trading volume fell to 89332.0 shares from 42400.0 shares the previous day.
Support And Resistance Levels for Assembly Biosciences Inc (ASMB)
According to the 24-hour chart, there is a support level at 15.84, which, if violated, would cause prices to drop to 14.86. In the upper region, resistance lies at 17.32. The next price resistance is at 17.82. RSI (Relative Strength Index) is 55.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 15.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
