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. Praxis Precision Medicines Inc shares valued at $660,827 were sold by Nemiroff Alex on Nov 14 ’24. At $80.20 per share, Nemiroff Alex sold 8,239 shares. The insider’s holdings dropped to 10,301 shares worth approximately $0.76 million following the completion of this transaction.
Also, Mastrocola Lauren sold 5,188 shares, netting a total of over 424,318 in proceeds. Following the sale of shares at $81.78 each, the insider now holds 5,613 shares.
Before that, Mastrocola Lauren had added 5,189 shares to its account. In a trade valued at $424,316, the Officer bought Praxis Precision Medicines Inc shares for $81.77 each.
As published in their initiating research note from Oppenheimer on August 05, 2024, Praxis Precision Medicines Inc [PRAX] has been an Outperform and the price target has been revised to $134. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 18, 2024, Guggenheim has initiated its “Buy” rating for PRAX. Earlier on May 01, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for PRAX stock.
Analyzing PRAX Stock Performance
During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, Praxis Precision Medicines Inc shares have dropped approximately -4.26%. Shares of the company reached a 52-week high of $81.39 on 01/06/25 and a 52-week low of $73.36 on 01/08/25. A 50-day SMA is recorded $74.59, while a 200-day SMA reached $58.44. Nevertheless, trading volume fell to 0.23 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Praxis Precision Medicines Inc (PRAX)
According to the 24-hour chart, there is a support level at 71.96, which, if violated, would cause prices to drop to 70.24. In the upper region, resistance lies at 76.80. The next price resistance is at 79.92. RSI (Relative Strength Index) is 46.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 59.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
