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 $5,130,694 were purchased by Hopkinson Craig C. on Feb 13 ’25. At $35.53 per share, Hopkinson Craig C. acquired 144,419 shares.
Also, Hopkinson Craig C. purchased 204,921 shares, netting a total of over 6,718,276 in proceeds.
Before that, Hopkinson Craig C. had sold 100,918 shares from its account. In a trade valued at $3,234,382, the EVP R&D, Chief Medical Officer traded Alkermes plc shares for $32.05 each. Upon closing the transaction, the insider’s holdings decreased to 100,918 shares, worth approximately $1.59 million.
As published in their initiating research note from Deutsche Bank on February 11, 2025, Alkermes plc [ALKS] has been a Buy and the price target has been revised to $40. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of June 17, 2024, TD Cowen has initiated its “Buy” rating for ALKS. Earlier on March 19, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for ALKS stock.
Analyzing ALKS Stock Performance
During the last five days, there has been a surge of approximately 14.69%. Over the course of the year, Alkermes plc shares have jumped approximately 25.17%. Shares of the company reached a 52-week high of $36.06 on 02/13/25 and a 52-week low of $27.70 on 01/13/25. A 50-day SMA is recorded $30.41, while a 200-day SMA reached $27.38. Nevertheless, trading volume fell to 3.99 million shares from 3.57 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 34.07, which, if violated, would cause prices to drop to 32.13. In the upper region, resistance lies at 37.00. The next price resistance is at 37.99. RSI (Relative Strength Index) is 79.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.90, which suggests the price will increase in the coming days. Percent R is at 1.05%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
