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. Ardelyx Inc shares valued at $388,738 were purchased by MOTT DAVID M on Feb 24 ’25. At $5.00 per share, MOTT DAVID M acquired 77,729 shares. The insider’s holdings grew to 2,015,494 shares worth approximately $10.96 million following the completion of this transaction.
Also, Williams Laura A sold 4,941 shares, netting a total of over 27,783 in proceeds. Following the sale of shares at $5.62 each, the insider now holds 303,804 shares.
Before that, Renz Justin A had sold 5,171 shares from its account. In a trade valued at $29,077, the Chief Financial Officer traded Ardelyx Inc shares for $5.62 each. Upon closing the transaction, the insider’s holdings decreased to 5,171 shares, worth approximately $1.56 million.
As published in their initiating research note from BTIG Research on March 04, 2025, Ardelyx Inc [ARDX] has been a Buy and the price target has been revised to $14. Analysts at H.C. Wainwright downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of July 02, 2024, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for ARDX. Earlier on April 05, 2024, Leerink Partners initiated its rating. Their recommendation was “an Outperform” for ARDX stock.
Analyzing ARDX Stock Performance
During the last five days, there has been a surge of approximately 6.67%. Over the course of the year, Ardelyx Inc shares have jumped approximately 7.30%. Shares of the company reached a 52-week high of $6.55 on 02/19/25 and a 52-week low of $4.84 on 02/24/25. A 50-day SMA is recorded $5.32, while a 200-day SMA reached $5.81.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 5.35, which, if violated, would cause prices to drop to 5.27. In the upper region, resistance lies at 5.52. The next price resistance is at 5.61. RSI (Relative Strength Index) is 50.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 64.72%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
