Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Edgewise Therapeutics Inc shares valued at $2,737,470 were sold by Russell Alan J on Dec 30 ’24. At $27.37 per share, Russell Alan J sold 100,000 shares. The insider’s holdings dropped to 14,863 shares worth approximately $0.4 million following the completion of this transaction.
Also, ALAN J RUSSELL purchased 100,000 shares, netting a total of over 2,874,000 in proceeds.
Before that, Semigran Marc had sold 29,709 shares from its account. In a trade valued at $881,915, the Chief Development Officer traded Edgewise Therapeutics Inc shares for $29.69 each. Upon closing the transaction, the insider’s holdings decreased to 29,709 shares, worth approximately $0.18 million.
As published in their initiating research note from Stifel on January 22, 2025, Edgewise Therapeutics Inc [EWTX] has been a Hold and the price target has been revised to $30. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of March 07, 2024, Piper Sandler has initiated its “an Overweight” rating for EWTX. Earlier on May 01, 2023, Truist initiated its rating. Their recommendation was “a Buy” for EWTX stock.
Analyzing EWTX Stock Performance
During the last five days, there has been a drop of approximately -1.38%. Over the course of the year, Edgewise Therapeutics Inc shares have jumped approximately 1.65%. Shares of the company reached a 52-week high of $30.30 on 01/15/25 and a 52-week low of $23.08 on 01/13/25. A 50-day SMA is recorded $30.07, while a 200-day SMA reached $23.42. Nevertheless, trading volume fell to 1.16 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Edgewise Therapeutics Inc (EWTX)
According to the 24-hour chart, there is a support level at 26.27, which, if violated, would cause prices to drop to 25.41. In the upper region, resistance lies at 27.73. The next price resistance is at 28.33. RSI (Relative Strength Index) is 46.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 43.77%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
