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. Mirum Pharmaceuticals Inc shares valued at $126,681 were sold by Radovich Peter on Feb 03 ’25. At $48.22 per share, Radovich Peter sold 2,627 shares. The insider’s holdings dropped to 26,961 shares worth approximately $1.41 million following the completion of this transaction.
Also, Peetz Christopher sold 9,102 shares, netting a total of over 438,921 in proceeds. Following the sale of shares at $48.22 each, the insider now holds 115,920 shares.
Before that, Howe Jolanda had sold 1,064 shares from its account. In a trade valued at $51,309, the SVP, GLOBAL CONTROLLER traded Mirum Pharmaceuticals Inc shares for $48.22 each. Upon closing the transaction, the insider’s holdings decreased to 1,064 shares, worth approximately $0.22 million.
As published in their initiating research note from Stifel on April 17, 2024, Mirum Pharmaceuticals Inc [MIRM] has been a Buy and the price target has been revised to $48. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in mid December. Earlier on November 13, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for MIRM stock.
Analyzing MIRM Stock Performance
During the last five days, there has been a surge of approximately 4.01%. Over the course of the year, Mirum Pharmaceuticals Inc shares have jumped approximately 26.17%. Shares of the company reached a 52-week high of $53.76 on 02/19/25 and a 52-week low of $40.55 on 01/10/25. A 50-day SMA is recorded $45.74, while a 200-day SMA reached $39.12. Nevertheless, trading volume fell to 0.57 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for Mirum Pharmaceuticals Inc (MIRM)
According to the 24-hour chart, there is a support level at 51.47, which, if violated, would cause prices to drop to 50.77. In the upper region, resistance lies at 53.31. The next price resistance is at 54.46. RSI (Relative Strength Index) is 65.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 25.54%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
