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Potential Price Increase for Alkermes plc (ALKS) After Recent Insider Activity

Alkermes plc’s recent filing unveils that its VP, Finance (Interim PAO) Parisi Samuel Joseph unloaded Company’s shares for reported $65892.0 on Feb 28 ’25. In the deal valued at $34.00 per share,1,938 shares were sold. As a result of this transaction, Parisi Samuel Joseph now holds 7,717 shares worth roughly $0.26 million.

Then, Parisi Samuel Joseph sold 3,743 shares, generating $131,978 in total proceeds. Upon selling the shares at $35.26, the VP, Finance (Interim PAO) now owns 7,717 shares.

Before that, Parisi Samuel Joseph sold 1,327 shares. Alkermes plc shares valued at $47,361 were divested by the VP, Finance (Interim PAO) at a price of $35.69 per share. As a result of the transaction, Parisi Samuel Joseph now holds 7,717 shares, worth roughly $0.26 million.

Deutsche Bank initiated its Alkermes plc [ALKS] rating to a Buy in a research note published on February 11, 2025; the price target was $40. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in early November from “a Hold” to “a Buy”. TD Cowen began covering ALKS with “Buy” recommendation on June 17, 2024. Robert W. Baird started covering the stock on March 19, 2024. It rated ALKS as “an Outperform”.

Price Performance Review of ALKS

On Friday, Alkermes plc [NASDAQ:ALKS] saw its stock jump 0.85% to $34.33. Over the last five days, the stock has lost -2.80%. Alkermes plc shares have risen nearly 19.37% since the year began. Nevertheless, the stocks have risen 15.59% over the past one year. While a 52-week high of $36.45 was reached on 02/18/25, a 52-week low of $22.90 was recorded on 01/13/25. SMA at 50 days reached $31.32, while 200 days put it at $27.93.

Levels Of Support And Resistance For ALKS Stock

The 24-hour chart illustrates a support level at 33.91, which if violated will result in even more drops to 33.48. On the upside, there is a resistance level at 34.58. A further resistance level may holdings at 34.82. The Relative Strength Index (RSI) on the 14-day chart is 59.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.93%. Stochastics %K at 62.14% indicates the stock is a holding.

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