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. Akebia Therapeutics Inc shares valued at $84,928 were sold by Butler John P. on Mar 03 ’25. At $1.83 per share, Butler John P. sold 46,409 shares. The insider’s holdings dropped to 2,557,921 shares worth approximately $4.32 million following the completion of this transaction.
Also, Burke Steven Keith sold 7,144 shares, netting a total of over 13,074 in proceeds. Following the sale of shares at $1.83 each, the insider now holds 809,090 shares.
Before that, Burke Steven Keith had added 7,144 shares to its account. In a trade valued at $13,086, the Officer bought Akebia Therapeutics Inc shares for $1.83 each.
Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of May 31, 2023, Piper Sandler has increased its “Neutral” rating to a “an Overweight” for AKBA. Earlier on March 31, 2022, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for AKBA stock which previously was a “an Overweight”.
Analyzing AKBA Stock Performance
During the last five days, there has been a drop of approximately -11.98%. Over the course of the year, Akebia Therapeutics Inc shares have dropped approximately -11.05%. Shares of the company reached a 52-week high of $2.4100 on 01/27/25 and a 52-week low of $1.5250 on 03/13/25. A 50-day SMA is recorded $2.0065, while a 200-day SMA reached $1.5910.
Support And Resistance Levels for Akebia Therapeutics Inc (AKBA)
According to the 24-hour chart, there is a support level at 1.5300, which, if violated, would cause prices to drop to 1.3700. In the upper region, resistance lies at 1.8450. The next price resistance is at 2.0000. RSI (Relative Strength Index) is 33.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0104, which suggests the price will decrease in the coming days. Percent R is at 64.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
