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. Immunovant Inc shares valued at $56,782 were sold by Macias William L. on Jan 15 ’25. At $23.83 per share, Macias William L. sold 2,383 shares. The insider’s holdings dropped to 359,408 shares worth approximately $8.41 million following the completion of this transaction.
Also, Barnett Eva Renee sold 2,298 shares, netting a total of over 54,757 in proceeds. Following the sale of shares at $23.83 each, the insider now holds 324,766 shares.
Before that, Salzmann Peter had sold 8,767 shares from its account. In a trade valued at $208,900, the Chief Executive Officer traded Immunovant Inc shares for $23.83 each. Upon closing the transaction, the insider’s holdings decreased to 8,767 shares, worth approximately $22.56 million.
As published in a research note from Wolfe Research on January 03, 2025, Immunovant Inc [IMVT] has been rated down from an Outperform to a Peer perform. As of October 09, 2024, Oppenheimer has reiterated its “an Outperform” rating for IMVT. Earlier on March 28, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for IMVT stock.
Analyzing IMVT Stock Performance
During the last five days, there has been a drop of approximately -4.10%. Over the course of the year, Immunovant Inc shares have dropped approximately -5.53%. Shares of the company reached a 52-week high of $25.79 on 01/02/25 and a 52-week low of $22.41 on 01/13/25. A 50-day SMA is recorded $26.34, while a 200-day SMA reached $28.37. Nevertheless, trading volume fell to 1.07 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Immunovant Inc (IMVT)
According to the 24-hour chart, there is a support level at 23.05, which, if violated, would cause prices to drop to 22.69. In the upper region, resistance lies at 23.75. The next price resistance is at 24.09. RSI (Relative Strength Index) is 39.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.47, which suggests the price will decrease in the coming days. Percent R is at 70.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
