Avidity Biosciences Inc’s recently made public that its Chief Scientific Officer Flanagan W. Michael unloaded Company’s shares for reported $0.6 million on Mar 11 ’25. In the deal valued at $30.13 per share,20,000 shares were sold. As a result of this transaction, Flanagan W. Michael now holds 91,975 shares worth roughly $3.11 million.
Then, WILLIAM MICHAEL FLANAGAN bought 20,000 shares, generating $600,800 in total proceeds.
Before that, Gallagher Kathleen P. sold 5,875 shares. Avidity Biosciences Inc shares valued at $172,807 were divested by the Chief Program Officer at a price of $29.41 per share. As a result of the transaction, Gallagher Kathleen P. now holds 50,554 shares, worth roughly $1.71 million.
Citigroup initiated its Avidity Biosciences Inc [RNA] rating to a Buy in a research note published on March 13, 2025; the price target was $70. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. Scotiabank began covering RNA with “Sector outperform” recommendation on March 07, 2025. H.C. Wainwright started covering the stock on December 20, 2024. It rated RNA as “a Buy”.
Price Performance Review of RNA
On Monday, Avidity Biosciences Inc [NASDAQ:RNA] saw its stock jump 8.74% to $33.83. Over the last five days, the stock has gained 12.62%. Avidity Biosciences Inc shares have risen nearly 16.33% since the year began. Nevertheless, the stocks have risen 36.25% over the past one year. While a 52-week high of $56.00 was reached on 03/13/25, a 52-week low of $21.56 was recorded on 01/14/25. SMA at 50 days reached $31.07, while 200 days put it at $38.75.
Levels Of Support And Resistance For RNA Stock
The 24-hour chart illustrates a support level at 31.27, which if violated will result in even more drops to 28.70. On the upside, there is a resistance level at 35.25. A further resistance level may holdings at 36.66. The Relative Strength Index (RSI) on the 14-day chart is 59.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.19%. Stochastics %K at 53.95% indicates the stock is a holding.
How much short interest is there in Avidity Biosciences Inc?
A steep rise in short interest was recorded in Avidity Biosciences Inc stocks on 2025-02-28, growing by 2.0 million shares to a total of 16.95 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 14.95 million shares. There was a rise of 11.82%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 26, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $67 price target.
