Alkermes plc’s recently made public that its EVP R&D, Chief Medical Officer Hopkinson Craig C. unloaded Company’s shares for reported $1.96 million on Dec 09 ’24. In the deal valued at $32.07 per share,61,151 shares were sold. As a result of this transaction, Hopkinson Craig C. now holds 47,576 shares worth roughly $1.37 million.
Then, LAURENCIN CATO T sold 2,691 shares, generating $85,708 in total proceeds. Upon selling the shares at $31.85, the Director now owns 23,013 shares.
Before that, LAURENCIN CATO T bought 2,691 shares. Alkermes plc shares valued at $85,708 were divested by the Director at a price of $31.85 per share.
Stifel upgraded its Alkermes plc [ALKS] rating to a Buy from a a Hold in a research note published on November 05, 2024; the price target was increased to $36 from $25. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Robert W. Baird began covering ALKS with “an Outperform” recommendation on March 19, 2024. UBS revised its rating on February 20, 2024. It rated ALKS as “a Sell” which previously was an “a Neutral”.
Price Performance Review of ALKS
On Monday, Alkermes plc [NASDAQ:ALKS] saw its stock fall -2.61% to $28.78. Over the last five days, the stock has lost -3.13%. Alkermes plc shares have risen nearly 3.75% since the year began. Nevertheless, the stocks have risen 3.23% over the past one year. While a 52-week high of $32.88 was reached on 02/16/24, a 52-week low of $22.90 was recorded on 07/10/24. SMA at 50 days reached $28.89, while 200 days put it at $26.69.
Levels Of Support And Resistance For ALKS Stock
The 24-hour chart illustrates a support level at 28.57, which if violated will result in even more drops to 28.35. On the upside, there is a resistance level at 29.21. A further resistance level may holdings at 29.63. The Relative Strength Index (RSI) on the 14-day chart is 40.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 15.96% indicates the stock is a buying.
How much short interest is there in Alkermes plc?
A steep rise in short interest was recorded in Alkermes plc stocks on 2024-12-13, dropping by -4.06 million shares to a total of 12.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 16.56 million shares. There was a decline of -32.48%, which implies that there is a negative sentiment for the stock.
