The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Teva- Pharmaceutical Industries Ltd. ADR shares valued at $6,294,031 were sold by MIGNONE ROBERTO on Dec 20 ’24. At $22.01 per share, MIGNONE ROBERTO sold 286,000 shares. The insider’s holdings dropped to 695,000 shares worth approximately $15.32 million following the completion of this transaction.
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Also, Bridger Management, LLC (1) purchased 286,000 shares, netting a total of over 6,094,660 in proceeds.
Before that, Fox Christine had sold 19,388 shares from its account. In a trade valued at $327,085, the EVP, Head of U.S. Commercial traded Teva- Pharmaceutical Industries Ltd. ADR shares for $16.87 each. Upon closing the transaction, the insider’s holdings decreased to 19,388 shares, worth approximately $0.97 million.
As published in a research note from Argus on July 10, 2024, Teva- Pharmaceutical Industries Ltd. ADR [TEVA] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early March. As of February 12, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for TEVA. Earlier on January 23, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for TEVA stock which previously was a “a Hold”.
Analyzing TEVA Stock Performance
During the last five days, there has been a drop of approximately -0.77%. Over the course of the year, Teva- Pharmaceutical Industries Ltd. ADR shares have jumped approximately 111.11%. Shares of the company reached a 52-week high of $22.80 on 12/27/24 and a 52-week low of $10.45 on 01/02/24. A 50-day SMA is recorded $18.36, while a 200-day SMA reached $16.90. Nevertheless, trading volume fell to 6.28 million shares from 5.15 million shares the previous day.
Support And Resistance Levels for Teva- Pharmaceutical Industries Ltd. ADR (TEVA)
According to the 24-hour chart, there is a support level at 21.75, which, if violated, would cause prices to drop to 21.45. In the upper region, resistance lies at 22.45. The next price resistance is at 22.86. RSI (Relative Strength Index) is 70.83 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.87, which suggests the price will increase in the coming days. Percent R is at 11.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
