The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ventyx Biosciences Inc shares valued at $524,944 were purchased by Mohan Raju on Nov 25 ’24. At $2.01 per share, Mohan Raju acquired 261,752 shares. The insider’s holdings grew to 2,175,028 shares worth approximately $5.76 million following the completion of this transaction.
Also, Mohan Raju purchased 238,248 shares, netting a total of over 434,946 in proceeds. Following the buying of shares at $1.83 each, the insider now holds 1,913,276 shares.
Before that, Krueger Christopher W had sold 1,651 shares from its account. In a trade valued at $8,921, the CHIEF BUSINESS OFFICER traded Ventyx Biosciences Inc shares for $5.40 each. Upon closing the transaction, the insider’s holdings decreased to 1,651 shares, worth approximately $0.76 million.
As published in a research note from Wells Fargo on March 12, 2024, Ventyx Biosciences Inc [VTYX] has been rated up from an Equal weight to an Overweight and the price target has been revised to $16 from $7. Analysts at Oppenheimer upgraded the stock from ‘”a Perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid March. As of November 07, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for VTYX. Earlier on November 07, 2023, Stifel downgraded its rating. Their new recommendation was “a Hold” for VTYX stock which previously was a “a Buy”.
Analyzing VTYX Stock Performance
During the last five days, there has been a surge of approximately 54.07%. Over the course of the year, Ventyx Biosciences Inc shares have jumped approximately 7.29%. Shares of the company reached a 52-week high of $11.48 on 03/08/24 and a 52-week low of $1.67 on 11/21/24. A 50-day SMA is recorded $2.19, while a 200-day SMA reached $3.55. Nevertheless, trading volume fell to 2.26 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for Ventyx Biosciences Inc (VTYX)
According to the 24-hour chart, there is a support level at 2.46, which, if violated, would cause prices to drop to 2.26. In the upper region, resistance lies at 2.80. The next price resistance is at 2.94. RSI (Relative Strength Index) is 68.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 9.26%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
