Ardelyx Inc’s filing revealed that its Officer Rosenbaum David P. acquired Company’s shares for reported $0.24 million on Mar 17 ’25. In the deal valued at $5.47 per share,44,330 shares were bought.
Then, RAAB MICHAEL sold 41,668 shares, generating $223,199 in total proceeds. Upon selling the shares at $5.36, the President & CEO now owns 1,635,138 shares.
Before that, MOTT DAVID M bought 77,729 shares. Ardelyx Inc shares valued at $388,738 were divested by the Director at a price of $5.00 per share. As a result of the transaction, MOTT DAVID M now holds 2,015,494 shares, worth roughly $10.34 million.
A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. H.C. Wainwright also remained covering ARDX and has decreased its forecast on November 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler revised its rating on July 02, 2024. It rated ARDX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of ARDX
On Friday, Ardelyx Inc [NASDAQ:ARDX] saw its stock fall -6.56% to $5.13. Over the last five days, the stock has lost -6.22%. Ardelyx Inc shares have risen nearly 1.18% since the year began. Nevertheless, the stocks have fallen -36.03% over the past one year. While a 52-week high of $9.33 was reached on 02/19/25, a 52-week low of $4.32 was recorded on 02/24/25. SMA at 50 days reached $5.42, while 200 days put it at $5.70.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 4.92, which if violated will result in even more drops to 4.71. On the upside, there is a resistance level at 5.42. A further resistance level may holdings at 5.70. The Relative Strength Index (RSI) on the 14-day chart is 43.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.19%. Stochastics %K at 43.19% indicates the stock is a holding.
How much short interest is there in Ardelyx Inc?
A steep rise in short interest was recorded in Ardelyx Inc stocks on 2025-02-28, growing by 3.2 million shares to a total of 29.82 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 26.63 million shares. There was a rise of 10.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 05, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $14 price target.
