As this happened, Argus reiterated its Sanofi ADR [SNY] rating to a Buy in a research note published on July 26, 2024; the price target was $60. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late January with a ‘”an Equal-weight”‘ rating. JP Morgan revised its rating on December 05, 2023. It rated SNY as “a Neutral” which previously was an “an Overweight”.
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Price Performance Review of SNY
On Tuesday, Sanofi ADR [NASDAQ:SNY] saw its stock jump 0.44% to $48.17. Over the last five days, the stock has lost -0.37%. Sanofi ADR shares have fallen nearly -3.14% since the year began. Nevertheless, the stocks have risen 3.10% over the past one year. While a 52-week high of $58.97 was reached on 09/04/24, a 52-week low of $45.22 was recorded on 04/18/24. SMA at 50 days reached $52.60, while 200 days put it at $50.93.
Levels Of Support And Resistance For SNY Stock
The 24-hour chart illustrates a support level at 48.03, which if violated will result in even more drops to 47.88. On the upside, there is a resistance level at 48.27. A further resistance level may holdings at 48.37. The Relative Strength Index (RSI) on the 14-day chart is 33.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.87%. Stochastics %K at 23.95% indicates the stock is a holding.
How much short interest is there in Sanofi ADR?
A steep rise in short interest was recorded in Sanofi ADR stocks on 2024-11-15, growing by 0.75 million shares to a total of 8.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 8.08 million shares. There was a rise of 8.48%, which implies that there is a positive sentiment for the stock.
