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. ARS Pharmaceuticals Inc shares valued at $1,167,100 were sold by Tanimoto Sarina on Dec 17 ’24. At $11.67 per share, Tanimoto Sarina sold 100,000 shares. The insider’s holdings dropped to 1,098,499 shares worth approximately $12.44 million following the completion of this transaction.
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Also, Lowenthal Richard E sold 100,000 shares, netting a total of over 1,167,100 in proceeds. Following the sale of shares at $11.67 each, the insider now holds 1,098,499 shares.
Before that, Chakma Justin had sold 117,333 shares from its account. In a trade valued at $1,439,124, the Chief Business Officer traded ARS Pharmaceuticals Inc shares for $12.27 each. Upon closing the transaction, the insider’s holdings decreased to 117,333 shares, worth approximately $1.54 million.
As published in their initiating research note from Cantor Fitzgerald on August 20, 2024, ARS Pharmaceuticals Inc [SPRY] has been an Overweight. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid August. As of August 12, 2024, Leerink Partners has reiterated its “an Outperform” rating for SPRY. Earlier on July 25, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for SPRY stock.
Analyzing SPRY Stock Performance
During the last five days, there has been a drop of approximately -10.44%. Over the course of the year, ARS Pharmaceuticals Inc shares have jumped approximately 106.57%. Shares of the company reached a 52-week high of $18.51 on 11/11/24 and a 52-week low of $5.19 on 01/04/24. A 50-day SMA is recorded $14.42, while a 200-day SMA reached $11.42. Nevertheless, trading volume fell to 1.27 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for ARS Pharmaceuticals Inc (SPRY)
According to the 24-hour chart, there is a support level at 10.79, which, if violated, would cause prices to drop to 10.26. In the upper region, resistance lies at 11.73. The next price resistance is at 12.13. RSI (Relative Strength Index) is 33.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.39, which suggests the price will decrease in the coming days. Percent R is at 82.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
