Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avalo Therapeutics Inc shares valued at $6,500 were purchased by Almenoff June Sherie on Nov 13 ’24. At $13.00 per share, Almenoff June Sherie acquired 500 shares. The insider’s holdings grew to 1,000 shares worth approximately $7030.0 following the completion of this transaction.
Also, Almenoff June Sherie purchased 500 shares, netting a total of over 6,250 in proceeds. Following the buying of shares at $12.50 each, the insider now holds 500 shares.
As published in their initiating research note from BTIG Research on December 19, 2024, Avalo Therapeutics Inc [AVTX] has been a Buy and the price target has been revised to $40. Analysts at H.C. Wainwright started covering the stock with ‘”a Neutral”‘ outlook in a report released in late October. As of April 16, 2024, Oppenheimer has increased its “Perform” rating to a “an Outperform” for AVTX. Earlier on September 24, 2021, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for AVTX stock.
Analyzing AVTX Stock Performance
During the last five days, there has been a drop of approximately -5.38%. Over the course of the year, Avalo Therapeutics Inc shares have dropped approximately -5.38%. Shares of the company reached a 52-week high of $8.99 on 01/03/25 and a 52-week low of $6.78 on 01/08/25. A 50-day SMA is recorded $10.48, while a 200-day SMA reached $11.18. Nevertheless, trading volume fell to 0.11 million shares from 0.11 million shares the previous day.
Support And Resistance Levels for Avalo Therapeutics Inc (AVTX)
According to the 24-hour chart, there is a support level at 6.71, which, if violated, would cause prices to drop to 6.38. In the upper region, resistance lies at 7.43. The next price resistance is at 7.82. RSI (Relative Strength Index) is 30.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 92.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
