Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Incyte Corp shares valued at $45,916 were sold by Tray Thomas on Dec 13 ’24. At $70.64 per share, Tray Thomas sold 650 shares. The insider’s holdings dropped to 23,962 shares worth approximately $1.67 million following the completion of this transaction.
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Also, Tray Thomas sold 650 shares, netting a total of over 45,052 in proceeds. Following the sale of shares at $69.31 each, the insider now holds 23,312 shares.
Before that, THOMAS R TRAY had added 650 shares to its account. In a trade valued at $45,052, the Officer bought Incyte Corp shares for $69.31 each.
As published in their initiating research note from UBS on December 17, 2024, Incyte Corp [INCY] has been a Neutral and the price target has been revised to $77. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 01, 2024, Wolfe Research has initiated its “an Outperform” rating for INCY. Earlier on September 18, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for INCY stock which previously was a “a Buy”.
Analyzing INCY Stock Performance
During the last five days, there has been a surge of approximately 2.98%. Over the course of the year, Incyte Corp shares have jumped approximately 10.78%. Shares of the company reached a 52-week high of $83.95 on 11/08/24 and a 52-week low of $50.35 on 04/30/24. A 50-day SMA is recorded $72.46, while a 200-day SMA reached $63.48. Nevertheless, trading volume fell to 0.76 million shares from 1.44 million shares the previous day.
Support And Resistance Levels for Incyte Corp (INCY)
According to the 24-hour chart, there is a support level at 69.17, which, if violated, would cause prices to drop to 68.78. In the upper region, resistance lies at 70.03. The next price resistance is at 70.51. RSI (Relative Strength Index) is 44.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 68.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
