Ardelyx Inc’s filing revealed that its President & CEO RAAB MICHAEL unloaded Company’s shares for reported $0.13 million on Nov 25 ’24. In the deal valued at $5.38 per share,25,000 shares were sold. As a result of this transaction, RAAB MICHAEL now holds 1,150,385 shares worth roughly $6.33 million.
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Then, MICHAEL G. RAAB bought 25,000 shares, generating $134,480 in total proceeds.
Before that, Williams Laura A sold 7,366 shares. Ardelyx Inc shares valued at $35,316 were divested by the Chief Medical Officer at a price of $4.79 per share. As a result of the transaction, Williams Laura A now holds 308,745 shares, worth roughly $1.7 million.
H.C. Wainwright downgraded its Ardelyx Inc [ARDX] rating to a Neutral from a a Buy in a research note published on November 11, 2024; the price target was decreased to $5.50 from $11. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early July from “an Overweight” to “a Neutral”. Leerink Partners began covering ARDX with “an Outperform” recommendation on April 05, 2024. Raymond James started covering the stock on December 18, 2023. It rated ARDX as “a Strong buy”.
Price Performance Review of ARDX
On Tuesday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -0.72% to $5.50. Over the last five days, the stock has gained 4.76%. Ardelyx Inc shares have fallen nearly -11.29% since the year began. Nevertheless, the stocks have risen 15.55% over the past one year. While a 52-week high of $10.13 was reached on 02/12/24, a 52-week low of $4.34 was recorded on 11/11/24. SMA at 50 days reached $5.77, while 200 days put it at $6.58.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 5.37, which if violated will result in even more drops to 5.24. On the upside, there is a resistance level at 5.67. A further resistance level may holdings at 5.84. The Relative Strength Index (RSI) on the 14-day chart is 51.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.90%. Stochastics %K at 83.41% indicates the stock is a selling.
How much short interest is there in Ardelyx Inc?
A steep rise in short interest was recorded in Ardelyx Inc stocks on 2024-11-15, growing by 0.42 million shares to a total of 23.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 22.89 million shares. There was a rise of 1.81%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 07, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
