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. Avadel Pharmaceuticals plc shares valued at $24,019 were purchased by MCHUGH THOMAS S on Dec 13 ’24. At $10.44 per share, MCHUGH THOMAS S acquired 2,300 shares. The insider’s holdings grew to 87,800 shares worth approximately $0.91 million following the completion of this transaction.
Also, MCHUGH THOMAS S purchased 5,000 shares, netting a total of over 52,432 in proceeds. Following the buying of shares at $10.49 each, the insider now holds 85,500 shares.
Before that, Divis Gregory J had added 9,598 shares to its account. In a trade valued at $95,759, the Chief Executive Officer bought Avadel Pharmaceuticals plc shares for $9.98 each. Upon closing the transaction, the insider’s holdings increased to 9,598 shares, worth approximately $99147.34.
As published in their initiating research note from Rodman & Renshaw on June 12, 2024, Avadel Pharmaceuticals plc [AVDL] has been a Buy and the price target has been revised to $27. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in early March. As of March 05, 2024, Needham has reiterated its “Buy” rating for AVDL. Earlier on March 05, 2024, H.C. Wainwright resumed its rating. Their recommendation was “a Buy” for AVDL stock.
Analyzing AVDL Stock Performance
During the last five days, there has been a surge of approximately 0.10%. Over the course of the year, Avadel Pharmaceuticals plc shares have dropped approximately -26.84%. Shares of the company reached a 52-week high of $19.09 on 05/03/24 and a 52-week low of $9.41 on 12/03/24. A 50-day SMA is recorded $12.33, while a 200-day SMA reached $14.87. Nevertheless, trading volume fell to 1.15 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Avadel Pharmaceuticals plc (AVDL)
According to the 24-hour chart, there is a support level at 10.13, which, if violated, would cause prices to drop to 9.92. In the upper region, resistance lies at 10.67. The next price resistance is at 11.00. RSI (Relative Strength Index) is 40.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 59.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
