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. Savara Inc shares valued at $59,072 were purchased by McCracken Joseph S on Nov 19 ’24. At $2.95 per share, McCracken Joseph S acquired 20,000 shares. The insider’s holdings grew to 210,837 shares worth approximately $0.71 million following the completion of this transaction.
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Also, RAMSAY DAVID A purchased 100,000 shares, netting a total of over 287,600 in proceeds. Following the buying of shares at $2.88 each, the insider now holds 2,323,642 shares.
Before that, Pauls Matthew had sold 84,000 shares from its account. In a trade valued at $395,900, the CHIEF EXECUTIVE OFFICER traded Savara Inc shares for $4.71 each. Upon closing the transaction, the insider’s holdings decreased to 84,000 shares, worth approximately $4.36 million.
As published in a research note from Evercore ISI on November 13, 2024, Savara Inc [SVRA] has been rated down from an Outperform to an In-line and the price target has been revised to $5 from $7. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in mid February. As of November 07, 2023, Guggenheim has initiated its “Buy” rating for SVRA. Earlier on May 16, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for SVRA stock which previously was a “a Hold”.
Analyzing SVRA Stock Performance
During the last five days, there has been a drop of approximately -6.94%. Over the course of the year, Savara Inc shares have dropped approximately -28.72%. Shares of the company reached a 52-week high of $5.70 on 03/05/24 and a 52-week low of $2.82 on 11/18/24. A 50-day SMA is recorded $3.54, while a 200-day SMA reached $4.27. Nevertheless, trading volume fell to 1.25 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Savara Inc (SVRA)
According to the 24-hour chart, there is a support level at 3.20, which, if violated, would cause prices to drop to 3.05. In the upper region, resistance lies at 3.54. The next price resistance is at 3.73. RSI (Relative Strength Index) is 46.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 77.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
