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. Neurocrine Biosciences, Inc shares valued at $1,620,717 were purchased by STEPHEN A SHERWIN on Feb 13 ’25. At $117.18 per share, STEPHEN A SHERWIN acquired 13,831 shares.
Also, MATTHEW ABERNETHY purchased 1,352 shares, netting a total of over 158,427 in proceeds.
Before that, MATTHEW C ABERNETHY had added 1,206 shares to its account. In a trade valued at $141,319, the Officer bought Neurocrine Biosciences, Inc shares for $117.18 each.
As published in their initiating research note from Deutsche Bank on February 11, 2025, Neurocrine Biosciences, Inc [NBIX] has been a Hold and the price target has been revised to $138. As of August 29, 2024, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for NBIX. Earlier on April 24, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for NBIX stock which previously was a “an Equal weight”.
Analyzing NBIX Stock Performance
During the last five days, there has been a drop of approximately -22.35%. Over the course of the year, Neurocrine Biosciences, Inc shares have dropped approximately -14.38%. Shares of the company reached a 52-week high of $154.61 on 01/30/25 and a 52-week low of $113.85 on 02/12/25. A 50-day SMA is recorded $137.10, while a 200-day SMA reached $133.40. Nevertheless, trading volume fell to 1.17 million shares from 2.15 million shares the previous day.
Support And Resistance Levels for Neurocrine Biosciences, Inc (NBIX)
According to the 24-hour chart, there is a support level at 115.47, which, if violated, would cause prices to drop to 114.07. In the upper region, resistance lies at 118.44. The next price resistance is at 120.01. RSI (Relative Strength Index) is 23.55 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -22.41, which suggests the price will decrease in the coming days. Percent R is at 92.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
