Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Solid Biosciences Inc shares valued at $448 were sold by Ganot Ilan on Jan 28 ’25. At $3.11 per share, Ganot Ilan sold 144 shares. The insider’s holdings dropped to 11,689 shares worth approximately $35534.56 following the completion of this transaction.
Also, Tan Kevin sold 4,073 shares, netting a total of over 15,849 in proceeds. Following the sale of shares at $3.89 each, the insider now holds 24,789 shares.
Before that, Ganot Ilan had sold 1,056 shares from its account. In a trade valued at $4,551, the Director traded Solid Biosciences Inc shares for $4.31 each. Upon closing the transaction, the insider’s holdings decreased to 1,056 shares, worth approximately $34792.8.
As published in their initiating research note from Truist on January 08, 2025, Solid Biosciences Inc [SLDB] has been a Buy and the price target has been revised to $16. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 10, 2024, JMP Securities has initiated its “Mkt outperform” rating for SLDB. Earlier on July 15, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for SLDB stock which previously was a “a Neutral”.
Analyzing SLDB Stock Performance
During the last five days, there has been a drop of approximately -8.71%. Over the course of the year, Solid Biosciences Inc shares have dropped approximately -24.00%. Shares of the company reached a 52-week high of $4.59 on 01/08/25 and a 52-week low of $2.92 on 01/28/25. A 50-day SMA is recorded $4.17, while a 200-day SMA reached $6.78. Nevertheless, trading volume fell to 0.55 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for Solid Biosciences Inc (SLDB)
According to the 24-hour chart, there is a support level at 2.97, which, if violated, would cause prices to drop to 2.89. In the upper region, resistance lies at 3.16. The next price resistance is at 3.27. RSI (Relative Strength Index) is 33.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 78.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
