Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Incyte Corp shares valued at $897,867 were sold by Stein Steven H on Jan 21 ’25. At $72.69 per share, Stein Steven H sold 12,352 shares. The insider’s holdings dropped to 66,967 shares worth approximately $4.85 million following the completion of this transaction.
Also, STEVEN STEIN purchased 12,352 shares, netting a total of over 897,906 in proceeds.
Before that, Tray Thomas had sold 650 shares from its account. In a trade valued at $45,916, the Principal Accounting Officer traded Incyte Corp shares for $70.64 each. Upon closing the transaction, the insider’s holdings decreased to 650 shares, worth approximately $1.74 million.
As published in their initiating research note from UBS on December 17, 2024, Incyte Corp [INCY] has been a Neutral and the price target has been revised to $77. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 01, 2024, Wolfe Research has initiated its “an Outperform” rating for INCY. Earlier on September 18, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for INCY stock which previously was a “a Buy”.
Analyzing INCY Stock Performance
During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Incyte Corp shares have jumped approximately 4.84%. Shares of the company reached a 52-week high of $75.04 on 01/07/25 and a 52-week low of $68.92 on 01/02/25. A 50-day SMA is recorded $72.84, while a 200-day SMA reached $64.61. Nevertheless, trading volume fell to 1.15 million shares from 1.87 million shares the previous day.
Support And Resistance Levels for Incyte Corp (INCY)
According to the 24-hour chart, there is a support level at 71.74, which, if violated, would cause prices to drop to 71.07. In the upper region, resistance lies at 73.32. The next price resistance is at 74.22. RSI (Relative Strength Index) is 53.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 38.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
