Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Incyte Corp shares valued at $41,924 were sold by Denton Sheila A. on Mar 04 ’25. At $69.99 per share, Denton Sheila A. sold 599 shares. The insider’s holdings dropped to 25,848 shares worth approximately $1.75 million following the completion of this transaction.
Also, SHEILA DENTON purchased 599 shares, netting a total of over 41,924 in proceeds.
Before that, Denton Sheila A. had sold 14,069 shares from its account. In a trade valued at $1,042,136, the EVP & General Counsel traded Incyte Corp shares for $74.07 each. Upon closing the transaction, the insider’s holdings decreased to 14,069 shares, worth approximately $1.75 million.
As published in their initiating research note from UBS on December 17, 2024, Incyte Corp [INCY] has been a Neutral and the price target has been revised to $77. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of October 01, 2024, Wolfe Research has initiated its “an Outperform” rating for INCY. Earlier on September 18, 2024, Truist downgraded its rating. Their new recommendation was “a Hold” for INCY stock which previously was a “a Buy”.
Analyzing INCY Stock Performance
During the last five days, there has been a drop of approximately -3.40%. Over the course of the year, Incyte Corp shares have dropped approximately -1.97%. Shares of the company reached a 52-week high of $76.96 on 02/07/25 and a 52-week low of $65.56 on 02/12/25. A 50-day SMA is recorded $71.62, while a 200-day SMA reached $67.65.
Support And Resistance Levels for Incyte Corp (INCY)
According to the 24-hour chart, there is a support level at 67.11, which, if violated, would cause prices to drop to 66.51. In the upper region, resistance lies at 68.64. The next price resistance is at 69.57. RSI (Relative Strength Index) is 37.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.21, which suggests the price will decrease in the coming days. Percent R is at 86.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
