Incyte Corp’s recently made public that its Principal Accounting Officer Tray Thomas unloaded Company’s shares for reported $45916.0 on Dec 13 ’24. In the deal valued at $70.64 per share,650 shares were sold. As a result of this transaction, Tray Thomas now holds 23,962 shares worth roughly $1.66 million.
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Then, Tray Thomas sold 650 shares, generating $45,052 in total proceeds. Upon selling the shares at $69.31, the Principal Accounting Officer now owns 23,312 shares.
Before that, THOMAS R TRAY bought 650 shares. Incyte Corp shares valued at $45,052 were divested by the Officer at a price of $69.31 per share.
UBS initiated its Incyte Corp [INCY] rating to a Neutral in a research note published on December 17, 2024; the price target was $77. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Wolfe Research began covering INCY with “an Outperform” recommendation on October 01, 2024. Truist revised its rating on September 18, 2024. It rated INCY as “a Hold” which previously was an “a Buy”.
Price Performance Review of INCY
On Tuesday, Incyte Corp [NASDAQ:INCY] saw its stock fall -0.57% to $69.40. Over the last five days, the stock has lost -4.25%. Incyte Corp shares have risen nearly 10.53% since the year began. Nevertheless, the stocks have risen 11.40% over the past one year. While a 52-week high of $83.95 was reached on 11/08/24, a 52-week low of $50.35 was recorded on 04/30/24. SMA at 50 days reached $72.10, while 200 days put it at $63.20.
Levels Of Support And Resistance For INCY Stock
The 24-hour chart illustrates a support level at 68.69, which if violated will result in even more drops to 67.99. On the upside, there is a resistance level at 69.92. A further resistance level may holdings at 70.45. The Relative Strength Index (RSI) on the 14-day chart is 41.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.81%. Stochastics %K at 9.23% indicates the stock is a buying.
How much short interest is there in Incyte Corp?
A steep rise in short interest was recorded in Incyte Corp stocks on 2024-11-29, dropping by -1.43 million shares to a total of 5.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.42 million shares. There was a decline of -23.94%, which implies that there is a negative sentiment for the stock.
