Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ardelyx Inc shares valued at $409,765 were purchased by Blanks Robert on Feb 12 ’25. At $5.46 per share, Blanks Robert acquired 75,000 shares.
Also, RAAB MICHAEL sold 41,666 shares, netting a total of over 223,355 in proceeds. Following the sale of shares at $5.36 each, the insider now holds 1,108,719 shares.
Before that, MOTT DAVID M had added 199,000 shares to its account. In a trade valued at $992,672, the Director bought Ardelyx Inc shares for $4.99 each. Upon closing the transaction, the insider’s holdings increased to 199,000 shares, worth approximately $12.32 million.
As published in a research note from H.C. Wainwright on November 11, 2024, Ardelyx Inc [ARDX] has been rated down from a Buy to a Neutral and the price target has been revised to $5.50 from $11. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early July. As of April 05, 2024, Leerink Partners has initiated its “an Outperform” rating for ARDX. Earlier on December 18, 2023, Raymond James initiated its rating. Their recommendation was “a Strong buy” for ARDX stock.
Analyzing ARDX Stock Performance
During the last five days, there has been a surge of approximately 15.22%. Over the course of the year, Ardelyx Inc shares have jumped approximately 25.44%. Shares of the company reached a 52-week high of $6.55 on 02/19/25 and a 52-week low of $4.85 on 01/21/25. A 50-day SMA is recorded $5.31, while a 200-day SMA reached $5.96. Nevertheless, trading volume fell to 4.67 million shares from 4.87 million shares the previous day.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 6.28, which, if violated, would cause prices to drop to 6.19. In the upper region, resistance lies at 6.50. The next price resistance is at 6.63. RSI (Relative Strength Index) is 69.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 13.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Which companies own the most shares of Ardelyx Inc (ARDX)?
On September 07, 2023, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $9.
