In a filing, Akero Therapeutics Inc revealed its Senior VP, Commercial Strategy Lamy Patrick unloaded Company’s shares for reported $29130.0 on Dec 16 ’24. In the deal valued at $29.13 per share,1,000 shares were sold. As a result of this transaction, Lamy Patrick now holds 34,258 shares worth roughly $0.97 million.
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Then, Yale Catriona sold 9,074 shares, generating $264,117 in total proceeds. Upon selling the shares at $29.11, the Chief Development Officer now owns 95,648 shares.
Before that, Rolph Timothy sold 3,800 shares. Akero Therapeutics Inc shares valued at $118,172 were divested by the Chief Scientific Officer at a price of $31.10 per share. As a result of the transaction, Rolph Timothy now holds 178,337 shares, worth roughly $5.06 million.
Citigroup initiated its Akero Therapeutics Inc [AKRO] rating to a Buy in a research note published on November 18, 2024; the price target was $65. Cantor Fitzgerald began covering AKRO with “an Overweight” recommendation on September 19, 2023. UBS started covering the stock on August 28, 2023. It rated AKRO as “a Buy”.
Price Performance Review of AKRO
On Monday, Akero Therapeutics Inc [NASDAQ:AKRO] saw its stock fall -3.31% to $28.37. Over the last five days, the stock has lost -2.94%. Akero Therapeutics Inc shares have risen nearly 21.50% since the year began. Nevertheless, the stocks have risen 27.11% over the past one year. While a 52-week high of $37.00 was reached on 03/04/24, a 52-week low of $15.32 was recorded on 02/06/24. SMA at 50 days reached $30.81, while 200 days put it at $25.90.
Levels Of Support And Resistance For AKRO Stock
The 24-hour chart illustrates a support level at 27.52, which if violated will result in even more drops to 26.66. On the upside, there is a resistance level at 29.51. A further resistance level may holdings at 30.64. The Relative Strength Index (RSI) on the 14-day chart is 41.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.56%. Stochastics %K at 28.24% indicates the stock is a holding.
How much short interest is there in Akero Therapeutics Inc?
A steep rise in short interest was recorded in Akero Therapeutics Inc stocks on 2024-11-29, dropping by -0.53 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.82 million shares. There was a decline of -16.24%, which implies that there is a negative sentiment for the stock.
