Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Legend Biotech Corp ADR shares valued at $189,080 were purchased by Heyman Tomas J. on Dec 02 ’24. At $43.31 per share, Heyman Tomas J. acquired 4,366 shares.
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Also, Huang Ying purchased 1,504 shares, netting a total of over 66,326 in proceeds.
Before that, Macomber Lori had added 90,060 shares to its account. In a trade valued at $4,405,003, the Officer bought Legend Biotech Corp ADR shares for $48.91 each.
As published in their initiating research note from Redburn Atlantic on October 08, 2024, Legend Biotech Corp ADR [LEGN] has been a Buy and the price target has been revised to $86. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of May 24, 2024, H.C. Wainwright has reiterated its “Buy” rating for LEGN. Earlier on May 23, 2024, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for LEGN stock.
Analyzing LEGN Stock Performance
During the last five days, there has been a drop of approximately -14.81%. Over the course of the year, Legend Biotech Corp ADR shares have dropped approximately -41.02%. Shares of the company reached a 52-week high of $70.13 on 02/27/24 and a 52-week low of $35.16 on 12/12/24. A 50-day SMA is recorded $43.05, while a 200-day SMA reached $49.36. Nevertheless, trading volume fell to 1.42 million shares from 2.09 million shares the previous day.
Support And Resistance Levels for Legend Biotech Corp ADR (LEGN)
According to the 24-hour chart, there is a support level at 34.93, which, if violated, would cause prices to drop to 34.38. In the upper region, resistance lies at 36.27. The next price resistance is at 37.06. RSI (Relative Strength Index) is 29.48 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.66, which suggests the price will decrease in the coming days. Percent R is at 96.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
