Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ardelyx Inc shares valued at $996,580 were purchased by MOTT DAVID M on Dec 19 ’24. At $4.67 per share, MOTT DAVID M acquired 213,300 shares. The insider’s holdings grew to 1,638,765 shares worth approximately $7.6 million following the completion of this transaction.
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Also, RAAB MICHAEL sold 25,000 shares, netting a total of over 131,620 in proceeds. Following the sale of shares at $5.26 each, the insider now holds 1,150,385 shares.
Before that, MICHAEL G. RAAB had added 25,000 shares to its account. In a trade valued at $131,618, the Officer bought Ardelyx Inc shares for $5.26 each.
As published in a research note from H.C. Wainwright on November 11, 2024, Ardelyx Inc [ARDX] has been rated down from a Buy to a Neutral and the price target has been revised to $5.50 from $11. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early July. As of April 05, 2024, Leerink Partners has initiated its “an Outperform” rating for ARDX. Earlier on December 18, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for ARDX stock.
Analyzing ARDX Stock Performance
During the last five days, there has been a drop of approximately -0.43%. Over the course of the year, Ardelyx Inc shares have dropped approximately -25.16%. Shares of the company reached a 52-week high of $10.13 on 02/12/24 and a 52-week low of $4.32 on 12/18/24. A 50-day SMA is recorded $5.40, while a 200-day SMA reached $6.28. Nevertheless, trading volume fell to 3.22 million shares from 2.74 million shares the previous day.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 4.56, which, if violated, would cause prices to drop to 4.48. In the upper region, resistance lies at 4.79. The next price resistance is at 4.94. RSI (Relative Strength Index) is 38.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 79.35%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Ardelyx Inc (ARDX)?
On September 07, 2023, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $9.
