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. BridgeBio Pharma Inc shares valued at $419,500 were sold by Valantine Hannah on Mar 06 ’25. At $32.58 per share, Valantine Hannah sold 12,875 shares. The insider’s holdings dropped to 1,764 shares worth approximately $57488.76000000001 following the completion of this transaction.
Also, KKR Genetic Disorder L.P. sold 6,000,000 shares, netting a total of over 197,760,000 in proceeds. Following the sale of shares at $32.96 each, the insider now holds 19,260,971 shares.
Before that, HANNAH A VALANTINE had added 12,875 shares to its account. In a trade valued at $419,500, the Director bought BridgeBio Pharma Inc shares for $32.58 each.
As published in their initiating research note from Scotiabank on October 16, 2024, BridgeBio Pharma Inc [BBIO] has been a Sector outperform. Analysts at Oppenheimer started covering the stock with ‘”a Perform”‘ outlook in a report released in early October. As of September 04, 2024, Piper Sandler has initiated its “an Overweight” rating for BBIO.
Analyzing BBIO Stock Performance
During the last five days, there has been a drop of approximately -6.81%. Over the course of the year, BridgeBio Pharma Inc shares have jumped approximately 18.77%. Shares of the company reached a 52-week high of $39.47 on 02/20/25 and a 52-week low of $27.53 on 01/02/25. A 50-day SMA is recorded $33.14, while a 200-day SMA reached $27.93.
Support And Resistance Levels for BridgeBio Pharma Inc (BBIO)
According to the 24-hour chart, there is a support level at 32.26, which, if violated, would cause prices to drop to 31.92. In the upper region, resistance lies at 33.06. The next price resistance is at 33.52. RSI (Relative Strength Index) is 47.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 72.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
