Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Adma Biologics Inc shares valued at $317,250 were sold by Tade Brad L. on Nov 22 ’24. At $21.15 per share, Tade Brad L. sold 15,000 shares. The insider’s holdings dropped to 199,433 shares worth approximately $3.57 million following the completion of this transaction.
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Also, Grossman Adam S sold 48,967 shares, netting a total of over 1,033,204 in proceeds. Following the sale of shares at $21.10 each, the insider now holds 1,989,007 shares.
Before that, Grossman Adam S had added 48,967 shares to its account. In a trade valued at $1,042,997, the Director and Officer bought Adma Biologics Inc shares for $21.30 each.
Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of November 11, 2021, Raymond James has increased its “an Outperform” rating to a “Strong buy” for ADMA. Earlier on November 09, 2021, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for ADMA stock.
Analyzing ADMA Stock Performance
During the last five days, there has been a drop of approximately -4.12%. Over the course of the year, Adma Biologics Inc shares have jumped approximately 296.02%. Shares of the company reached a 52-week high of $23.64 on 11/11/24 and a 52-week low of $4.37 on 01/03/24. A 50-day SMA is recorded $18.82, while a 200-day SMA reached $13.53. Nevertheless, trading volume fell to 2.07 million shares from 1.64 million shares the previous day.
Support And Resistance Levels for Adma Biologics Inc (ADMA)
According to the 24-hour chart, there is a support level at 17.61, which, if violated, would cause prices to drop to 17.31. In the upper region, resistance lies at 18.22. The next price resistance is at 18.53. RSI (Relative Strength Index) is 39.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.00, which suggests the price will decrease in the coming days. Percent R is at 79.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
