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. Incyte Corp shares valued at $1,340,656 were sold by Flannelly Barry P on Mar 14 ’25. At $67.69 per share, Flannelly Barry P sold 19,807 shares. The insider’s holdings dropped to 33,567 shares worth approximately $2.03 million following the completion of this transaction.
Also, BARRY FLANNELLY purchased 19,807 shares, netting a total of over 1,340,728 in proceeds.
Before that, Denton Sheila A. had sold 599 shares from its account. In a trade valued at $41,924, the EVP & General Counsel traded Incyte Corp shares for $69.99 each. Upon closing the transaction, the insider’s holdings decreased to 599 shares, worth approximately $1.57 million.
As published in a research note from William Blair on March 18, 2025, Incyte Corp [INCY] has been rated down from an Outperform to a Mkt perform. Analysts at Guggenheim downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of December 17, 2024, UBS has initiated its “Neutral” rating for INCY. Earlier on October 29, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for INCY stock which previously was a “a Neutral”.
Analyzing INCY Stock Performance
During the last five days, there has been a drop of approximately -10.53%. Over the course of the year, Incyte Corp shares have dropped approximately -12.29%. Shares of the company reached a 52-week high of $76.96 on 02/07/25 and a 52-week low of $58.46 on 03/18/25. A 50-day SMA is recorded $70.86, while a 200-day SMA reached $67.77.
Support And Resistance Levels for Incyte Corp (INCY)
According to the 24-hour chart, there is a support level at 59.94, which, if violated, would cause prices to drop to 59.31. In the upper region, resistance lies at 61.48. The next price resistance is at 62.38. RSI (Relative Strength Index) is 25.16 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.55, which suggests the price will decrease in the coming days. Percent R is at 85.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
