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. Oruka Therapeutics Inc shares valued at $17,067 were purchased by JANUS HENDERSON GROUP PLC on Aug 16 ’24. At $2.93 per share, JANUS HENDERSON GROUP PLC acquired 5,818 shares. The insider’s holdings grew to 2,117,213 shares worth approximately $43.95 million following the completion of this transaction.
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Also, JANUS HENDERSON GROUP PLC purchased 189,856 shares, netting a total of over 606,873 in proceeds. Following the buying of shares at $3.20 each, the insider now holds 2,081,168 shares.
Before that, JANUS HENDERSON GROUP PLC had added 30,227 shares to its account. In a trade valued at $92,292, the 10% Owner bought Oruka Therapeutics Inc shares for $3.05 each. Upon closing the transaction, the insider’s holdings increased to 30,227 shares, worth approximately $43.83 million.
As published in their initiating research note from Stifel on October 11, 2024, Oruka Therapeutics Inc [ORKA] has been a Buy and the price target has been revised to $49. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of September 17, 2024, Leerink Partners has initiated its “an Outperform” rating for ORKA. Earlier on September 16, 2024, TD Cowen initiated its rating. Their recommendation was “a Buy” for ORKA stock.
Analyzing ORKA Stock Performance
During the last five days, there has been a drop of approximately -2.63%. Over the course of the year, Oruka Therapeutics Inc shares have jumped approximately 89.22%. Shares of the company reached a 52-week high of $53.88 on 05/17/24 and a 52-week low of $18.20 on 11/26/24. A 50-day SMA is recorded $24.78, while a 200-day SMA reached $32.44.
Support And Resistance Levels for Oruka Therapeutics Inc (ORKA)
According to the 24-hour chart, there is a support level at 19.84, which, if violated, would cause prices to drop to 18.92. In the upper region, resistance lies at 21.67. The next price resistance is at 22.59. RSI (Relative Strength Index) is 42.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 84.13%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
