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. Immunovant Inc shares valued at $570,437 were purchased by MARK S LEVINE on Feb 11 ’25. At $19.54 per share, MARK S LEVINE acquired 29,196 shares.
Also, Stout Jay S sold 2,195 shares, netting a total of over 51,780 in proceeds. Following the sale of shares at $23.59 each, the insider now holds 139,991 shares.
Before that, Geffner Michael had sold 2,657 shares from its account. In a trade valued at $62,679, the Chief Medical Officer traded Immunovant Inc shares for $23.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,657 shares, worth approximately $2.63 million.
As published in a research note from Wolfe Research on January 03, 2025, Immunovant Inc [IMVT] has been rated down from an Outperform to a Peer perform. As of October 09, 2024, Oppenheimer has reiterated its “an Outperform” rating for IMVT. Earlier on March 28, 2024, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for IMVT stock.
Analyzing IMVT Stock Performance
During the last five days, there has been a drop of approximately -2.46%. Over the course of the year, Immunovant Inc shares have dropped approximately -19.82%. Shares of the company reached a 52-week high of $25.79 on 01/02/25 and a 52-week low of $19.07 on 02/12/25. A 50-day SMA is recorded $24.35, while a 200-day SMA reached $27.75. Nevertheless, trading volume fell to 1.28 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Immunovant Inc (IMVT)
According to the 24-hour chart, there is a support level at 19.32, which, if violated, would cause prices to drop to 18.79. In the upper region, resistance lies at 20.22. The next price resistance is at 20.58. RSI (Relative Strength Index) is 35.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.45, which suggests the price will decrease in the coming days. Percent R is at 82.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
