Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Applied Therapeutics Inc shares valued at $78,880 were sold by Funtleyder Leslie D. on Aug 22 ’24. At $5.83 per share, Funtleyder Leslie D. sold 13,530 shares. The insider’s holdings dropped to 277,911 shares worth approximately $0.18 million following the completion of this transaction.
Also, Perfetti Riccardo sold 22,681 shares, netting a total of over 132,230 in proceeds. Following the sale of shares at $5.83 each, the insider now holds 986,853 shares.
Before that, Shendelman Shoshana had sold 357,423 shares from its account. In a trade valued at $2,208,874, the President and CEO traded Applied Therapeutics Inc shares for $6.18 each. Upon closing the transaction, the insider’s holdings decreased to 357,423 shares, worth approximately $3.17 million.
As published in a research note from William Blair on December 23, 2024, Applied Therapeutics Inc [APLT] has been rated down from an Outperform to a Mkt perform. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of November 29, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for APLT. Earlier on July 31, 2024, William Blair initiated its rating. Their recommendation was “an Outperform” for APLT stock.
Analyzing APLT Stock Performance
During the last five days, there has been a drop of approximately -17.81%. Over the course of the year, Applied Therapeutics Inc shares have dropped approximately -23.01%. Shares of the company reached a 52-week high of $0.9790 on 01/02/25 and a 52-week low of $0.6016 on 01/13/25. A 50-day SMA is recorded $4.2233, while a 200-day SMA reached $5.4169. Nevertheless, trading volume fell to 6.23 million shares from 8.83 million shares the previous day.
Support And Resistance Levels for Applied Therapeutics Inc (APLT)
According to the 24-hour chart, there is a support level at 0.6262, which, if violated, would cause prices to drop to 0.5932. In the upper region, resistance lies at 0.7160. The next price resistance is at 0.7728. RSI (Relative Strength Index) is 19.45 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1349, which suggests the price will decrease in the coming days. Percent R is at 84.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
