Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rigel Pharmaceuticals shares valued at $42,595 were sold by Schorno Dean L on Feb 04 ’25. At $20.92 per share, Schorno Dean L sold 2,036 shares. The insider’s holdings dropped to 58,969 shares worth approximately $1.2 million following the completion of this transaction.
Also, Schorno Dean L sold 1,734 shares, netting a total of over 38,020 in proceeds. Following the sale of shares at $21.93 each, the insider now holds 57,235 shares.
Before that, Santos David A had sold 2,125 shares from its account. In a trade valued at $44,457, the EVP, Chief Commercial Officer traded Rigel Pharmaceuticals shares for $20.92 each. Upon closing the transaction, the insider’s holdings decreased to 2,125 shares, worth approximately $1.09 million.
Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of June 08, 2022, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for RIGL. Earlier on June 08, 2022, Cantor Fitzgerald downgraded its rating. Their new recommendation was “a Neutral” for RIGL stock which previously was a “an Overweight”.
Analyzing RIGL Stock Performance
During the last five days, there has been a drop of approximately -9.14%. Over the course of the year, Rigel Pharmaceuticals shares have jumped approximately 20.63%. Shares of the company reached a 52-week high of $24.48 on 02/06/25 and a 52-week low of $15.50 on 01/10/25. A 50-day SMA is recorded $19.95, while a 200-day SMA reached $15.62.
Support And Resistance Levels for Rigel Pharmaceuticals (RIGL)
According to the 24-hour chart, there is a support level at 19.03, which, if violated, would cause prices to drop to 17.76. In the upper region, resistance lies at 21.53. The next price resistance is at 22.76. RSI (Relative Strength Index) is 45.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 71.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
