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. Stoke Therapeutics Inc shares valued at $23,000,000 were sold by Skorpios Trust on Dec 23 ’24. At $11.50 per share, Skorpios Trust sold 2,000,000 shares. The insider’s holdings dropped to 6,906,181 shares worth approximately $61.88 million following the completion of this transaction.
Also, Blue Horizon Enterprise Ltd purchased 2,000,000 shares, netting a total of over 23,180,000 in proceeds.
Before that, Ticho Barry had sold 2,586 shares from its account. In a trade valued at $33,596, the CHIEF MEDICAL OFFICER traded Stoke Therapeutics Inc shares for $12.99 each. Upon closing the transaction, the insider’s holdings decreased to 2,586 shares, worth approximately $0.4 million.
As published in their initiating research note from Chardan Capital Markets on December 20, 2024, Stoke Therapeutics Inc [STOK] has been a Buy and the price target has been revised to $24. As of March 26, 2024, TD Cowen has increased its “Market perform” rating to a “an Outperform” for STOK.
Analyzing STOK Stock Performance
During the last five days, there has been a drop of approximately -18.77%. Over the course of the year, Stoke Therapeutics Inc shares have dropped approximately -18.77%. Shares of the company reached a 52-week high of $11.73 on 01/03/25 and a 52-week low of $8.76 on 01/08/25. A 50-day SMA is recorded $12.11, while a 200-day SMA reached $13.20. Nevertheless, trading volume fell to 1.03 million shares from 2.31 million shares the previous day.
Support And Resistance Levels for Stoke Therapeutics Inc (STOK)
According to the 24-hour chart, there is a support level at 8.63, which, if violated, would cause prices to drop to 8.31. In the upper region, resistance lies at 9.41. The next price resistance is at 9.87. RSI (Relative Strength Index) is 27.43 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 94.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
