Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arvinas Inc shares valued at $6,396 were sold by Loomis David K on Nov 07 ’24. At $27.69 per share, Loomis David K sold 231 shares. The insider’s holdings dropped to 8,040 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Houston John G sold 5,196 shares, netting a total of over 244,472 in proceeds. Following the sale of shares at $47.05 each, the insider now holds 1,036,681 shares.
Before that, Cassidy Sean A had sold 1,702 shares from its account. In a trade valued at $80,079, the Chief Financial Officer traded Arvinas Inc shares for $47.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,702 shares, worth approximately $3.47 million.
As published in their initiating research note from BTIG Research on December 10, 2024, Arvinas Inc [ARVN] has been a Buy and the price target has been revised to $69. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of February 28, 2024, Oppenheimer has reiterated its “an Outperform” rating for ARVN. Earlier on February 14, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for ARVN stock which previously was a “a Buy”.
Analyzing ARVN Stock Performance
During the last five days, there has been a surge of approximately 2.53%. Over the course of the year, Arvinas Inc shares have dropped approximately -53.64%. Shares of the company reached a 52-week high of $53.08 on 02/16/24 and a 52-week low of $17.37 on 12/19/24. A 50-day SMA is recorded $24.40, while a 200-day SMA reached $28.46. Nevertheless, trading volume fell to 0.72 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Arvinas Inc (ARVN)
According to the 24-hour chart, there is a support level at 18.37, which, if violated, would cause prices to drop to 17.66. In the upper region, resistance lies at 19.46. The next price resistance is at 19.84. RSI (Relative Strength Index) is 37.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.84, which suggests the price will decrease in the coming days. Percent R is at 81.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
