Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Edgewise Therapeutics Inc shares valued at $6,004 were sold by Russell Alan J on Mar 07 ’25. At $30.02 per share, Russell Alan J sold 200 shares. The insider’s holdings dropped to 14,863 shares worth approximately $0.38 million following the completion of this transaction.
Also, KOCH KEVIN sold 100 shares, netting a total of over 3,000 in proceeds. Following the sale of shares at $30.00 each, the insider now holds 14,478 shares.
Before that, Russell Alan J had sold 8,015 shares from its account. In a trade valued at $240,623, the Chief Scientific Officer traded Edgewise Therapeutics Inc shares for $30.02 each. Upon closing the transaction, the insider’s holdings decreased to 8,015 shares, worth approximately $0.38 million.
As published in their initiating research note from Scotiabank on March 07, 2025, Edgewise Therapeutics Inc [EWTX] has been a Sector outperform and the price target has been revised to $50. Analysts at Stifel started covering the stock with ‘”a Hold”‘ outlook in a report released in late January. As of November 22, 2024, Evercore ISI has initiated its “an Outperform” rating for EWTX. Earlier on March 07, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for EWTX stock.
Analyzing EWTX Stock Performance
During the last five days, there has been a drop of approximately -10.13%. Over the course of the year, Edgewise Therapeutics Inc shares have dropped approximately -5.32%. Shares of the company reached a 52-week high of $30.48 on 02/06/25 and a 52-week low of $23.08 on 01/13/25. A 50-day SMA is recorded $26.80, while a 200-day SMA reached $25.07.
Support And Resistance Levels for Edgewise Therapeutics Inc (EWTX)
According to the 24-hour chart, there is a support level at 23.95, which, if violated, would cause prices to drop to 22.61. In the upper region, resistance lies at 26.51. The next price resistance is at 27.73. RSI (Relative Strength Index) is 43.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 72.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
