Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trevi Therapeutics Inc shares valued at $12,784 were sold by GOOD JENNIFER L on Sep 06 ’24. At $3.03 per share, GOOD JENNIFER L sold 4,219 shares. The insider’s holdings dropped to 213,313 shares worth approximately $0.97 million following the completion of this transaction.
Also, GOOD JENNIFER L sold 1,840 shares, netting a total of over 5,587 in proceeds. Following the sale of shares at $3.04 each, the insider now holds 213,313 shares.
Before that, GOOD JENNIFER L had sold 40,277 shares from its account. In a trade valued at $125,310, the President & CEO traded Trevi Therapeutics Inc shares for $3.11 each. Upon closing the transaction, the insider’s holdings decreased to 40,277 shares, worth approximately $0.97 million.
As published in a research note from H.C. Wainwright on December 12, 2024, Trevi Therapeutics Inc [TRVI] has been retained to a Buy and the price target has been revised to $7.50. As of August 30, 2024, Raymond James has initiated its “an Outperform” rating for TRVI. Earlier on August 30, 2024, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for TRVI stock.
Analyzing TRVI Stock Performance
During the last five days, there has been a surge of approximately 15.40%. Over the course of the year, Trevi Therapeutics Inc shares have jumped approximately 10.92%. Shares of the company reached a 52-week high of $4.68 on 01/06/25 and a 52-week low of $3.47 on 01/22/25. A 50-day SMA is recorded $3.92, while a 200-day SMA reached $3.16. Nevertheless, trading volume fell to 0.85 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Trevi Therapeutics Inc (TRVI)
According to the 24-hour chart, there is a support level at 4.26, which, if violated, would cause prices to drop to 3.94. In the upper region, resistance lies at 4.74. The next price resistance is at 4.90. RSI (Relative Strength Index) is 65.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 2.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
