Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Aurinia Pharmaceuticals Inc shares valued at $4,545,000 were purchased by TANG KEVIN on Dec 09 ’24. At $9.09 per share, TANG KEVIN acquired 500,000 shares. The insider’s holdings grew to 8,429,500 shares worth approximately $81.68 million following the completion of this transaction.
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Also, TANG KEVIN purchased 400,000 shares, netting a total of over 3,604,000 in proceeds. Following the buying of shares at $9.01 each, the insider now holds 7,929,500 shares.
Before that, TANG KEVIN had added 300,000 shares to its account. In a trade valued at $2,673,000, the Director bought Aurinia Pharmaceuticals Inc shares for $8.91 each. Upon closing the transaction, the insider’s holdings increased to 300,000 shares, worth approximately $72.96 million.
As published in a research note from Oppenheimer on November 04, 2022, Aurinia Pharmaceuticals Inc [AUPH] has been rated down from an Outperform to a Perform. As of December 10, 2021, Oppenheimer has increased its “Perform” rating to a “an Outperform” for AUPH. Earlier on October 28, 2021, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for AUPH stock which previously was a “an Outperform”.
Analyzing AUPH Stock Performance
During the last five days, there has been a surge of approximately 9.12%. Over the course of the year, Aurinia Pharmaceuticals Inc shares have jumped approximately 7.79%. Shares of the company reached a 52-week high of $10.67 on 12/10/24 and a 52-week low of $4.71 on 04/18/24. A 50-day SMA is recorded $7.95, while a 200-day SMA reached $6.26. Nevertheless, trading volume fell to 1.35 million shares from 2.1 million shares the previous day.
Support And Resistance Levels for Aurinia Pharmaceuticals Inc (AUPH)
According to the 24-hour chart, there is a support level at 9.53, which, if violated, would cause prices to drop to 9.37. In the upper region, resistance lies at 10.00. The next price resistance is at 10.31. RSI (Relative Strength Index) is 64.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 48.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Aurinia Pharmaceuticals Inc (AUPH)?
On January 25, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $35.
