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. Biogen Inc shares valued at $17,293 were sold by Singhal Priya on Dec 09 ’24. At $157.21 per share, Singhal Priya sold 110 shares. The insider’s holdings dropped to 5,426 shares worth approximately $0.72 million following the completion of this transaction.
Also, Singhal Priya purchased 110 shares, netting a total of over 17,293 in proceeds.
Before that, Singhal Priya had sold 431 shares from its account. In a trade valued at $88,019, the Head of Development traded Biogen Inc shares for $204.22 each. Upon closing the transaction, the insider’s holdings decreased to 431 shares, worth approximately $0.71 million.
As published in their initiating research note from Bernstein on February 11, 2025, Biogen Inc [BIIB] has been a Mkt perform and the price target has been revised to $160. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of December 20, 2024, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for BIIB. Earlier on December 16, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for BIIB stock which previously was a “a Buy”.
Analyzing BIIB Stock Performance
During the last five days, there has been a drop of approximately -8.31%. Over the course of the year, Biogen Inc shares have dropped approximately -12.75%. Shares of the company reached a 52-week high of $156.37 on 01/07/25 and a 52-week low of $128.51 on 02/12/25. A 50-day SMA is recorded $148.80, while a 200-day SMA reached $190.59. Nevertheless, trading volume fell to 3.52 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Biogen Inc (BIIB)
According to the 24-hour chart, there is a support level at 128.70, which, if violated, would cause prices to drop to 123.96. In the upper region, resistance lies at 137.98. The next price resistance is at 142.53. RSI (Relative Strength Index) is 30.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.72, which suggests the price will decrease in the coming days. Percent R is at 76.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
