Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AnaptysBio Inc shares valued at $842,060 were purchased by EcoR1 Capital, LLC on Dec 30 ’24. At $12.92 per share, EcoR1 Capital, LLC acquired 65,184 shares. The insider’s holdings grew to 7,860,180 shares worth approximately $112.87 million following the completion of this transaction.
Also, EcoR1 Capital, LLC purchased 13,268 shares, netting a total of over 171,513 in proceeds. Following the buying of shares at $12.93 each, the insider now holds 7,873,448 shares.
Before that, EcoR1 Capital, LLC had added 6,646 shares to its account. In a trade valued at $86,070, the Director bought AnaptysBio Inc shares for $12.95 each. Upon closing the transaction, the insider’s holdings increased to 6,646 shares, worth approximately $113.16 million.
As published in a research note from H.C. Wainwright on December 11, 2024, AnaptysBio Inc [ANAB] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $52. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of July 22, 2024, H.C. Wainwright has initiated its “Buy” rating for ANAB. Earlier on July 19, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for ANAB stock which previously was a “a Neutral”.
Analyzing ANAB Stock Performance
During the last five days, there has been a surge of approximately 8.46%. Over the course of the year, AnaptysBio Inc shares have jumped approximately 8.46%. Shares of the company reached a 52-week high of $15.99 on 01/06/25 and a 52-week low of $12.79 on 01/02/25. A 50-day SMA is recorded $19.59, while a 200-day SMA reached $26.81. Nevertheless, trading volume fell to 0.46 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for AnaptysBio Inc (ANAB)
According to the 24-hour chart, there is a support level at 13.94, which, if violated, would cause prices to drop to 13.53. In the upper region, resistance lies at 14.93. The next price resistance is at 15.51. RSI (Relative Strength Index) is 37.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 56.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
