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Potential Price Increase for Ultragenyx Pharmaceutical Inc (RARE) After Recent Insider Activity

In a filing, Ultragenyx Pharmaceutical Inc revealed its Officer KAKKIS EMIL D acquired Company’s shares for reported $0.41 million on Dec 10 ’24. In the deal valued at $50.00 per share,8,273 shares were bought.

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Then, Horn Howard sold 7,465 shares, generating $393,853 in total proceeds. Upon selling the shares at $52.76, the Chief Financial Officer now owns 92,301 shares.

Before that, KAKKIS EMIL D sold 20,000 shares. Ultragenyx Pharmaceutical Inc shares valued at $1,117,000 were divested by the President & CEO at a price of $55.85 per share. As a result of the transaction, KAKKIS EMIL D now holds 2,223,985 shares, worth roughly $109.18 million.

Goldman upgraded its Ultragenyx Pharmaceutical Inc [RARE] rating to a Buy from a a Neutral in a research note published on June 06, 2024; the price target was increased to $67 from $56. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Wells Fargo began covering RARE with “an Overweight” recommendation on December 08, 2023.

Price Performance Review of RARE

On Tuesday, Ultragenyx Pharmaceutical Inc [NASDAQ:RARE] saw its stock fall -0.47% to $49.09. Over the last five days, the stock has gained 5.19%. Ultragenyx Pharmaceutical Inc shares have risen nearly 2.66% since the year began. Nevertheless, the stocks have risen 21.33% over the past one year. While a 52-week high of $60.37 was reached on 09/16/24, a 52-week low of $37.02 was recorded on 06/18/24. SMA at 50 days reached $51.07, while 200 days put it at $48.15.

Levels Of Support And Resistance For RARE Stock

The 24-hour chart illustrates a support level at 48.25, which if violated will result in even more drops to 47.42. On the upside, there is a resistance level at 49.96. A further resistance level may holdings at 50.84. The Relative Strength Index (RSI) on the 14-day chart is 51.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.84%. Stochastics %K at 91.22% indicates the stock is a selling.

How much short interest is there in Ultragenyx Pharmaceutical Inc?

A steep rise in short interest was recorded in Ultragenyx Pharmaceutical Inc stocks on 2024-11-29, growing by 0.2 million shares to a total of 3.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.18 million shares. There was a rise of 5.9%, which implies that there is a positive sentiment for the stock.

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