Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. iBio Inc shares valued at $25,000 were purchased by Duran Felipe on Jan 10 ’25. At $2.72 per share, Duran Felipe acquired 9,191 shares. The insider’s holdings grew to 11,139 shares worth approximately $42885.15 following the completion of this transaction.
Also, Brenner Martin purchased 9,191 shares, netting a total of over 25,000 in proceeds. Following the buying of shares at $2.72 each, the insider now holds 18,316 shares.
Before that, Banjak Marc had added 9,191 shares to its account. In a trade valued at $25,000, the Chief Legal Officer bought iBio Inc shares for $2.72 each. Upon closing the transaction, the insider’s holdings increased to 9,191 shares, worth approximately $42604.1.
As published in their initiating research note from Chardan Capital Markets on May 28, 2024, iBio Inc [IBIO] has been a Buy and the price target has been revised to $5. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late November. As of January 22, 2021, Cantor Fitzgerald has initiated its “an Overweight” rating for IBIO. Earlier on June 26, 2020, Alliance Global Partners initiated its rating. Their recommendation was “a Buy” for IBIO stock.
Analyzing IBIO Stock Performance
During the last five days, there has been a surge of approximately 21.45%. Over the course of the year, iBio Inc shares have jumped approximately 57.14%. Shares of the company reached a 52-week high of $3.99 on 02/19/25 and a 52-week low of $2.31 on 01/02/25. A 50-day SMA is recorded $2.85, while a 200-day SMA reached $2.38. Nevertheless, trading volume fell to 0.5 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for iBio Inc (IBIO)
According to the 24-hour chart, there is a support level at 3.66, which, if violated, would cause prices to drop to 3.48. In the upper region, resistance lies at 4.01. The next price resistance is at 4.18. RSI (Relative Strength Index) is 65.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 11.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
