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. Regeneron Pharmaceuticals, Inc shares valued at $844,610 were sold by McCourt Marion on Nov 01 ’24. At $844.61 per share, McCourt Marion sold 1,000 shares. The insider’s holdings dropped to 12,931 shares worth approximately $8.79 million following the completion of this transaction.
Also, MARION E MCCOURT purchased 1,000 shares, netting a total of over 844,610 in proceeds.
Before that, RYAN ARTHUR F had sold 100 shares from its account. In a trade valued at $104,878, the Director traded Regeneron Pharmaceuticals, Inc shares for $1048.78 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $11.96 million.
As published in a research note from UBS on January 16, 2025, Regeneron Pharmaceuticals, Inc [REGN] has been rated down from a Buy to a Neutral and the price target has been revised to $738 from $1130. As of November 15, 2024, Wolfe Research has initiated its “an Outperform” rating for REGN. Earlier on November 14, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for REGN stock.
Analyzing REGN Stock Performance
During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, Regeneron Pharmaceuticals, Inc shares have dropped approximately -4.53%. Shares of the company reached a 52-week high of $743.28 on 01/08/25 and a 52-week low of $666.25 on 01/13/25. A 50-day SMA is recorded $740.69, while a 200-day SMA reached $956.79. Nevertheless, trading volume fell to 0.95 million shares from 1.15 million shares the previous day.
Support And Resistance Levels for Regeneron Pharmaceuticals, Inc (REGN)
According to the 24-hour chart, there is a support level at 671.85, which, if violated, would cause prices to drop to 663.66. In the upper region, resistance lies at 694.05. The next price resistance is at 708.06. RSI (Relative Strength Index) is 36.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -22.33, which suggests the price will decrease in the coming days. Percent R is at 82.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
