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 $1,406,757 were purchased by MARK S LEVINE on Feb 14 ’25. At $20.16 per share, MARK S LEVINE acquired 69,763 shares.
Also, MARK S LEVINE purchased 29,196 shares, netting a total of over 570,437 in proceeds.
Before that, Stout Jay S had sold 2,195 shares from its account. In a trade valued at $51,780, the Chief Technology Officer traded Immunovant Inc shares for $23.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,195 shares, worth approximately $2.91 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 surge of approximately 7.65%. Over the course of the year, Immunovant Inc shares have dropped approximately -15.95%. 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 $23.87, while a 200-day SMA reached $27.64. Nevertheless, trading volume fell to 0.91 million shares from 1.05 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 20.49, which, if violated, would cause prices to drop to 20.17. In the upper region, resistance lies at 21.15. The next price resistance is at 21.49. RSI (Relative Strength Index) is 42.77 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 56.63%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
