Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Chimerix Inc shares valued at $1,300 were purchased by Michael Andriole on Aug 08 ’24. At $0.87 per share, Michael Andriole acquired 1,500 shares.
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Also, Andriole Michael T. sold 1,285 shares, netting a total of over 1,065 in proceeds. Following the sale of shares at $0.83 each, the insider now holds 462,453 shares.
Before that, Andriole Michael T. had sold 1,744 shares from its account. In a trade valued at $1,809, the PRESIDENT AND CEO traded Chimerix Inc shares for $1.04 each. Upon closing the transaction, the insider’s holdings decreased to 1,744 shares, worth approximately $1.21 million.
As published in their initiating research note from Robert W. Baird on May 23, 2023, Chimerix Inc [CMRX] has been an Outperform and the price target has been revised to $7. Analysts at CapitalOne started covering the stock with ‘”an Overweight”‘ outlook in a report released in early September. As of April 29, 2021, Maxim Group has initiated its “Buy” rating for CMRX.
Analyzing CMRX Stock Performance
During the last five days, there has been a drop of approximately -9.06%. Over the course of the year, Chimerix Inc shares have jumped approximately 181.56%. Shares of the company reached a 52-week high of $3.39 on 12/10/24 and a 52-week low of $0.75 on 08/13/24. A 50-day SMA is recorded $1.18, while a 200-day SMA reached $1.00. Nevertheless, trading volume fell to 1.18 million shares from 2.11 million shares the previous day.
Support And Resistance Levels for Chimerix Inc (CMRX)
According to the 24-hour chart, there is a support level at 2.63, which, if violated, would cause prices to drop to 2.55. In the upper region, resistance lies at 2.87. The next price resistance is at 3.02. RSI (Relative Strength Index) is 80.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 26.36%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
