Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PTC Therapeutics Inc shares valued at $527,800 were purchased by Bell William F. Jr. on Feb 03 ’25. At $50.00 per share, Bell William F. Jr. acquired 10,556 shares.
Also, Utter Christine Marie sold 1,662 shares, netting a total of over 73,959 in proceeds. Following the sale of shares at $44.50 each, the insider now holds 64,321 shares.
Before that, Utter Christine Marie had sold 1,291 shares from its account. In a trade valued at $58,534, the SVP, CHIEF ACCOUNTING OFFICER traded PTC Therapeutics Inc shares for $45.34 each. Upon closing the transaction, the insider’s holdings decreased to 1,291 shares, worth approximately $3.29 million.
As published in a research note from Morgan Stanley on December 13, 2024, PTC Therapeutics Inc [PTCT] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $67 from $45. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. Earlier on September 04, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for PTCT stock.
Analyzing PTCT Stock Performance
During the last five days, there has been a surge of approximately 7.89%. Over the course of the year, PTC Therapeutics Inc shares have jumped approximately 10.30%. Shares of the company reached a 52-week high of $51.31 on 02/04/25 and a 52-week low of $41.67 on 01/14/25. A 50-day SMA is recorded $46.29, while a 200-day SMA reached $38.09. Nevertheless, trading volume fell to 1.29 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for PTC Therapeutics Inc (PTCT)
According to the 24-hour chart, there is a support level at 48.99, which, if violated, would cause prices to drop to 48.20. In the upper region, resistance lies at 50.66. The next price resistance is at 51.54. RSI (Relative Strength Index) is 64.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.97, which suggests the price will increase in the coming days. Percent R is at 16.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
