Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BridgeBio Pharma Inc shares valued at $22,002,000 were purchased by KUMAR HALDEA REVOCABLE TRUST U on Jan 28 ’25. At $36.67 per share, KUMAR HALDEA REVOCABLE TRUST U acquired 600,000 shares.
Also, BRIAN STEPHENSON purchased 68,000 shares, netting a total of over 2,493,560 in proceeds.
Before that, Kumar Neil had sold 27,389 shares from its account. In a trade valued at $613,826, the Chief Executive Officer traded BridgeBio Pharma Inc shares for $22.41 each. Upon closing the transaction, the insider’s holdings decreased to 27,389 shares, worth approximately $178.56 million.
As published in their initiating research note from Scotiabank on October 16, 2024, BridgeBio Pharma Inc [BBIO] has been a Sector outperform. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in early October. As of September 04, 2024, Piper Sandler has initiated its “an Overweight” rating for BBIO.
Analyzing BBIO Stock Performance
During the last five days, there has been a surge of approximately 1.73%. Over the course of the year, BridgeBio Pharma Inc shares have jumped approximately 32.87%. Shares of the company reached a 52-week high of $37.76 on 01/27/25 and a 52-week low of $27.53 on 01/02/25. A 50-day SMA is recorded $29.02, while a 200-day SMA reached $27.00. Nevertheless, trading volume fell to 3.13 million shares from 2.76 million shares the previous day.
Support And Resistance Levels for BridgeBio Pharma Inc (BBIO)
According to the 24-hour chart, there is a support level at 35.88, which, if violated, would cause prices to drop to 35.30. In the upper region, resistance lies at 36.96. The next price resistance is at 37.47. RSI (Relative Strength Index) is 68.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 13.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
