Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Beam Therapeutics Inc shares valued at $220,045 were sold by Cavanagh Bethany J on Feb 18 ’25. At $35.00 per share, Cavanagh Bethany J sold 6,287 shares. The insider’s holdings dropped to 37,527 shares worth approximately $1.02 million following the completion of this transaction.
Also, Bellon Christine sold 10,000 shares, netting a total of over 340,000 in proceeds. Following the sale of shares at $34.00 each, the insider now holds 102,968 shares.
Before that, CHRISTINE BELLON had added 10,000 shares to its account. In a trade valued at $340,000, the Officer bought Beam Therapeutics Inc shares for $34.00 each.
As published in a research note from Cantor Fitzgerald on January 29, 2025, Beam Therapeutics Inc [BEAM] has been rated up from a Neutral to an Overweight. Analysts at Leerink Partners upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of October 16, 2024, Scotiabank has initiated its “Sector outperform” rating for BEAM. Earlier on July 23, 2024, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for BEAM stock.
Analyzing BEAM Stock Performance
During the last five days, there has been a drop of approximately -18.20%. Over the course of the year, Beam Therapeutics Inc shares have jumped approximately 9.31%. Shares of the company reached a 52-week high of $35.25 on 02/18/25 and a 52-week low of $22.50 on 01/15/25. A 50-day SMA is recorded $27.28, while a 200-day SMA reached $25.70.
Support And Resistance Levels for Beam Therapeutics Inc (BEAM)
According to the 24-hour chart, there is a support level at 26.32, which, if violated, would cause prices to drop to 25.53. In the upper region, resistance lies at 28.56. The next price resistance is at 30.00. RSI (Relative Strength Index) is 44.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.52, which suggests the price will decrease in the coming days. Percent R is at 82.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
