Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akero Therapeutics Inc shares valued at $280,330 were sold by Young Jonathan on Jan 02 ’25. At $28.03 per share, Young Jonathan sold 10,000 shares. The insider’s holdings dropped to 218,083 shares worth approximately $5.71 million following the completion of this transaction.
Also, Jonathan Young purchased 70,000 shares, netting a total of over 1,947,400 in proceeds.
Before that, Lamy Patrick had sold 1,000 shares from its account. In a trade valued at $29,130, the Senior VP, Commercial Strategy traded Akero Therapeutics Inc shares for $29.13 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.9 million.
As published in their initiating research note from Citigroup on November 18, 2024, Akero Therapeutics Inc [AKRO] has been a Buy and the price target has been revised to $65. As of September 19, 2023, Cantor Fitzgerald has initiated its “an Overweight” rating for AKRO. Earlier on August 28, 2023, UBS initiated its rating. Their recommendation was “a Buy” for AKRO stock.
Analyzing AKRO Stock Performance
During the last five days, there has been a drop of approximately -5.97%. Over the course of the year, Akero Therapeutics Inc shares have dropped approximately -5.97%. Shares of the company reached a 52-week high of $28.94 on 01/06/25 and a 52-week low of $25.91 on 01/08/25. A 50-day SMA is recorded $30.37, while a 200-day SMA reached $25.95. Nevertheless, trading volume fell to 0.94 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 25.75, which, if violated, would cause prices to drop to 25.34. In the upper region, resistance lies at 26.73. The next price resistance is at 27.31. RSI (Relative Strength Index) is 33.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 94.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
