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. Ovid Therapeutics Inc shares valued at $4,971 were purchased by ALEXANDER MARGARET A. on Jan 27 ’25. At $0.73 per share, ALEXANDER MARGARET A. acquired 6,810 shares. The insider’s holdings grew to 34,935 shares worth approximately $25851.9 following the completion of this transaction.
Also, LEVIN JEREMY M purchased 18,248 shares, netting a total of over 50,364 in proceeds. Following the buying of shares at $2.76 each, the insider now holds 3,616,715 shares.
As published in a research note from Oppenheimer on June 18, 2024, Ovid Therapeutics Inc [OVID] has been rated down from an Outperform to a Perform. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of April 29, 2024, H.C. Wainwright has initiated its “Buy” rating for OVID. Earlier on April 05, 2024, Wedbush initiated its rating. Their recommendation was “an Outperform” for OVID stock.
Analyzing OVID Stock Performance
During the last five days, there has been a surge of approximately 5.46%. Over the course of the year, Ovid Therapeutics Inc shares have dropped approximately -20.60%. Shares of the company reached a 52-week high of $1.0200 on 01/03/25 and a 52-week low of $0.6800 on 01/22/25. A 50-day SMA is recorded $0.9632, while a 200-day SMA reached $1.4990. Nevertheless, trading volume fell to 2.0 million shares from 0.11 million shares the previous day.
Support And Resistance Levels for Ovid Therapeutics Inc (OVID)
According to the 24-hour chart, there is a support level at 0.6986, which, if violated, would cause prices to drop to 0.6557. In the upper region, resistance lies at 0.7961. The next price resistance is at 0.8507. RSI (Relative Strength Index) is 32.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0213, which suggests the price will decrease in the coming days. Percent R is at 79.24%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
