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 $1,253,069 were sold by Cheng Andrew on Mar 10 ’25. At $41.77 per share, Cheng Andrew sold 30,000 shares. The insider’s holdings dropped to 656,062 shares worth approximately $29.43 million following the completion of this transaction.
Also, Rolph Timothy sold 12,500 shares, netting a total of over 556,590 in proceeds. Following the sale of shares at $44.53 each, the insider now holds 170,237 shares.
Before that, Young Jonathan had sold 50,000 shares from its account. In a trade valued at $2,243,213, the Chief Operating Officer traded Akero Therapeutics Inc shares for $44.86 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $9.02 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 surge of approximately 2.72%. Over the course of the year, Akero Therapeutics Inc shares have jumped approximately 61.25%. 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 $41.43, while a 200-day SMA reached $30.73.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 43.73, which, if violated, would cause prices to drop to 42.59. In the upper region, resistance lies at 45.97. The next price resistance is at 47.08. RSI (Relative Strength Index) is 48.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.78, which suggests the price will decrease in the coming days. Percent R is at 66.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
