Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BridgeBio Pharma Inc shares valued at $106,989,998 were purchased by VIKING GLOBAL INVESTORS LP on Jan 31 ’25. At $34.90 per share, VIKING GLOBAL INVESTORS LP acquired 3,065,616 shares.
Also, VIKING GLOBAL INVESTORS LP sold 3,065,616 shares, netting a total of over 106,989,998 in proceeds. Following the sale of shares at $34.90 each, the insider now holds 22,055,375 shares.
Before that, STEPHENSON BRIAN C had sold 68,000 shares from its account. In a trade valued at $2,467,761, the Secretary, Treasurer & CFO traded BridgeBio Pharma Inc shares for $36.29 each. Upon closing the transaction, the insider’s holdings decreased to 68,000 shares, worth approximately $3.14 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 drop of approximately -8.01%. Over the course of the year, BridgeBio Pharma Inc shares have jumped approximately 22.23%. 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 $30.06, while a 200-day SMA reached $27.20. Nevertheless, trading volume fell to 2.22 million shares from 3.11 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 32.73, which, if violated, would cause prices to drop to 31.93. In the upper region, resistance lies at 34.27. The next price resistance is at 35.01. RSI (Relative Strength Index) is 52.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.60, which suggests the price will decrease in the coming days. Percent R is at 60.95%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
