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. Alkermes plc shares valued at $3,234,382 were sold by Hopkinson Craig C. on Jan 30 ’25. At $32.05 per share, Hopkinson Craig C. sold 100,918 shares. The insider’s holdings dropped to 44,290 shares worth approximately $1.39 million following the completion of this transaction.
Also, Hopkinson Craig C. purchased 100,918 shares, netting a total of over 3,234,380 in proceeds.
Before that, Hopkinson Craig C. had sold 61,151 shares from its account. In a trade valued at $1,961,406, the EVP R&D, Chief Medical Officer traded Alkermes plc shares for $32.07 each. Upon closing the transaction, the insider’s holdings decreased to 61,151 shares, worth approximately $1.49 million.
As published in a research note from Stifel on November 05, 2024, Alkermes plc [ALKS] has been rated up from a Hold to a Buy and the price target has been revised to $36 from $25. Analysts at TD Cowen started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of March 19, 2024, Robert W. Baird has initiated its “an Outperform” rating for ALKS. Earlier on February 20, 2024, UBS downgraded its rating. Their new recommendation was “a Sell” for ALKS stock which previously was a “a Neutral”.
Analyzing ALKS Stock Performance
During the last five days, there has been a drop of approximately -1.63%. Over the course of the year, Alkermes plc shares have jumped approximately 9.14%. Shares of the company reached a 52-week high of $32.17 on 01/30/25 and a 52-week low of $27.70 on 01/13/25. A 50-day SMA is recorded $30.03, while a 200-day SMA reached $27.17. Nevertheless, trading volume fell to 1.47 million shares from 1.15 million shares the previous day.
Support And Resistance Levels for Alkermes plc (ALKS)
According to the 24-hour chart, there is a support level at 31.20, which, if violated, would cause prices to drop to 31.01. In the upper region, resistance lies at 31.60. The next price resistance is at 31.81. RSI (Relative Strength Index) is 58.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.29, which suggests the price will decrease in the coming days. Percent R is at 26.90%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
