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. Innoviva Inc shares valued at $20,964,237 were sold by DENNER ALEXANDER J on Mar 06 ’25. At $17.52 per share, DENNER ALEXANDER J sold 1,196,746 shares. The insider’s holdings dropped to 5,658,705 shares worth approximately $98.52 million following the completion of this transaction.
Also, DENNER ALEXANDER J sold 270,374 shares, netting a total of over 4,766,126 in proceeds. Following the sale of shares at $17.63 each, the insider now holds 6,855,451 shares.
Before that, DENNER ALEXANDER J had sold 151,175 shares from its account. In a trade valued at $2,665,079, the 10% Owner traded Innoviva Inc shares for $17.63 each. Upon closing the transaction, the insider’s holdings decreased to 151,175 shares, worth approximately $124.06 million.
As published in their initiating research note from Scotiabank on March 07, 2025, Innoviva Inc [INVA] has been a Sector outperform and the price target has been revised to $55. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid June. As of July 20, 2022, Goldman has initiated its “Neutral” rating for INVA. Earlier on November 20, 2017, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for INVA stock.
Analyzing INVA Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Innoviva Inc shares have jumped approximately 0.35%. Shares of the company reached a 52-week high of $19.39 on 01/27/25 and a 52-week low of $17.01 on 01/08/25. A 50-day SMA is recorded $18.00, while a 200-day SMA reached $18.28.
Support And Resistance Levels for Innoviva Inc (INVA)
According to the 24-hour chart, there is a support level at 17.31, which, if violated, would cause prices to drop to 17.21. In the upper region, resistance lies at 17.57. The next price resistance is at 17.74. RSI (Relative Strength Index) is 36.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 95.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
