Amylyx Pharmaceuticals Inc’s filing revealed that its Chief Medical Officer Bedrosian Camille L unloaded Company’s shares for reported $30007.0 on Dec 02 ’24. In the deal valued at $5.54 per share,5,421 shares were sold. As a result of this transaction, Bedrosian Camille L now holds 138,380 shares worth roughly $0.74 million.
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Then, Klee Justin B. sold 18,589 shares, generating $59,429 in total proceeds. Upon selling the shares at $3.20, the Co-Chief Executive Officer now owns 3,120,569 shares.
Before that, Cohen Joshua B sold 18,589 shares. Amylyx Pharmaceuticals Inc shares valued at $59,414 were divested by the Co-Chief Executive Officer at a price of $3.20 per share. As a result of the transaction, Cohen Joshua B now holds 3,220,569 shares, worth roughly $17.23 million.
Robert W. Baird upgraded its Amylyx Pharmaceuticals Inc [AMLX] rating to an Outperform from a a Neutral in a research note published on November 18, 2024; the price target was increased to $11 from $3. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Mizuho also remained covering AMLX and has decreased its forecast on March 18, 2024 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on March 11, 2024. It rated AMLX as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of AMLX
On Tuesday, Amylyx Pharmaceuticals Inc [NASDAQ:AMLX] saw its stock fall -3.60% to $5.35. Over the last five days, the stock has lost -5.48%. Amylyx Pharmaceuticals Inc shares have fallen nearly -63.65% since the year began. Nevertheless, the stocks have fallen -62.38% over the past one year. While a 52-week high of $19.95 was reached on 02/29/24, a 52-week low of $1.58 was recorded on 06/17/24. SMA at 50 days reached $4.70, while 200 days put it at $3.84.
Levels Of Support And Resistance For AMLX Stock
The 24-hour chart illustrates a support level at 5.20, which if violated will result in even more drops to 5.06. On the upside, there is a resistance level at 5.51. A further resistance level may holdings at 5.67. The Relative Strength Index (RSI) on the 14-day chart is 50.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.51%. Stochastics %K at 40.46% indicates the stock is a holding.
How much short interest is there in Amylyx Pharmaceuticals Inc?
A steep rise in short interest was recorded in Amylyx Pharmaceuticals Inc stocks on 2024-11-15, growing by 0.52 million shares to a total of 1.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.01 million shares. There was a rise of 33.8%, which implies that there is a positive sentiment for the stock.
