Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Savara Inc shares valued at $83,278 were sold by Lowrance David L on Dec 16 ’24. At $3.33 per share, Lowrance David L sold 25,000 shares. The insider’s holdings dropped to 381,005 shares worth approximately $1.16 million following the completion of this transaction.
Also, Pauls Matthew sold 54,702 shares, netting a total of over 180,828 in proceeds. Following the sale of shares at $3.31 each, the insider now holds 1,536,379 shares.
Before that, Hawkins Richard J had sold 8,000 shares from its account. In a trade valued at $26,569, the Director traded Savara Inc shares for $3.32 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $0.2 million.
As published in their initiating research note from Wells Fargo on December 20, 2024, Savara Inc [SVRA] has been an Overweight and the price target has been revised to $8. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid November. As of February 15, 2024, JMP Securities has initiated its “Mkt outperform” rating for SVRA. Earlier on November 07, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for SVRA stock.
Analyzing SVRA Stock Performance
During the last five days, there has been a drop of approximately -0.98%. Over the course of the year, Savara Inc shares have dropped approximately -0.98%. Shares of the company reached a 52-week high of $3.15 on 01/03/25 and a 52-week low of $2.99 on 01/07/25. A 50-day SMA is recorded $3.37, while a 200-day SMA reached $4.11. Nevertheless, trading volume fell to 0.57 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Savara Inc (SVRA)
According to the 24-hour chart, there is a support level at 3.00, which, if violated, would cause prices to drop to 2.96. In the upper region, resistance lies at 3.10. The next price resistance is at 3.17. RSI (Relative Strength Index) is 40.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 86.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
