Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Akero Therapeutics Inc shares valued at $2,243,213 were sold by Young Jonathan on Mar 04 ’25. At $44.86 per share, Young Jonathan sold 50,000 shares. The insider’s holdings dropped to 201,147 shares worth approximately $8.78 million following the completion of this transaction.
Also, Lamy Patrick sold 1,000 shares, netting a total of over 48,090 in proceeds. Following the sale of shares at $48.09 each, the insider now holds 33,492 shares.
Before that, Yale Catriona had sold 10,000 shares from its account. In a trade valued at $498,660, the Chief Development Officer traded Akero Therapeutics Inc shares for $49.87 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.18 million.
As published in a research note from BofA Securities on January 30, 2025, Akero Therapeutics Inc [AKRO] has been rated up from a Neutral to a Buy and the price target has been revised to $63 from $35. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in late January. As of November 18, 2024, Citigroup has initiated its “Buy” rating for AKRO.
Analyzing AKRO Stock Performance
During the last five days, there has been a drop of approximately -8.54%. Over the course of the year, Akero Therapeutics Inc shares have jumped approximately 56.97%. Shares of the company reached a 52-week high of $58.40 on 01/27/25 and a 52-week low of $21.34 on 01/14/25. A 50-day SMA is recorded $39.93, while a 200-day SMA reached $30.14.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 43.14, which, if violated, would cause prices to drop to 42.61. In the upper region, resistance lies at 44.57. The next price resistance is at 45.47. RSI (Relative Strength Index) is 43.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.66, which suggests the price will decrease in the coming days. Percent R is at 98.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
