Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Royalty Pharma plc shares valued at $6,707,081 were sold by RIGGS RORY B on Jan 02 ’24. At $28.52 per share, RIGGS RORY B sold 235,200 shares. The insider’s holdings dropped to 254,899 shares worth approximately $6.43 million following the completion of this transaction.
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Also, RIGGS RORY B sold 199,098 shares, netting a total of over 5,532,276 in proceeds. Following the sale of shares at $27.79 each, the insider now holds 55,801 shares.
Before that, RIGGS RORY B had sold 35,702 shares from its account. In a trade valued at $983,504, the Director traded Royalty Pharma plc shares for $27.55 each. Upon closing the transaction, the insider’s holdings decreased to 35,702 shares, worth approximately $0.51 million.
As published in a research note from UBS on June 03, 2024, Royalty Pharma plc [RPRX] has been rated down from a Buy to a Neutral and the price target has been revised to $28. As of May 13, 2022, Scotiabank has initiated its “Sector outperform” rating for RPRX. Earlier on April 27, 2022, Goldman initiated its rating. Their recommendation was “a Buy” for RPRX stock.
Analyzing RPRX Stock Performance
During the last five days, there has been a drop of approximately -4.47%. Over the course of the year, Royalty Pharma plc shares have dropped approximately -10.25%. Shares of the company reached a 52-week high of $31.66 on 02/27/24 and a 52-week low of $25.02 on 12/11/24. A 50-day SMA is recorded $26.79, while a 200-day SMA reached $27.74. Nevertheless, trading volume fell to 2.89 million shares from 2.85 million shares the previous day.
Support And Resistance Levels for Royalty Pharma plc (RPRX)
According to the 24-hour chart, there is a support level at 25.07, which, if violated, would cause prices to drop to 24.92. In the upper region, resistance lies at 25.39. The next price resistance is at 25.56. RSI (Relative Strength Index) is 31.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 89.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
