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 $223,199 were sold by RAAB MICHAEL on Mar 07 ’25. At $5.36 per share, RAAB MICHAEL sold 41,668 shares. The insider’s holdings dropped to 1,635,138 shares worth approximately $8.9 million following the completion of this transaction.
Also, MOTT DAVID M purchased 77,729 shares, netting a total of over 388,738 in proceeds. Following the buying of shares at $5.00 each, the insider now holds 2,015,494 shares.
Before that, Williams Laura A had sold 4,941 shares from its account. In a trade valued at $27,783, the Chief Medical Officer traded Ardelyx Inc shares for $5.62 each. Upon closing the transaction, the insider’s holdings decreased to 4,941 shares, worth approximately $1.65 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of November 11, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for ARDX. Earlier on July 02, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for ARDX stock which previously was a “an Overweight”.
Analyzing ARDX Stock Performance
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 $5.39, while a 200-day SMA reached $5.75.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 5.29, which, if violated, would cause prices to drop to 5.14. In the upper region, resistance lies at 5.66. The next price resistance is at 5.88. RSI (Relative Strength Index) is 50.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 32.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
