Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Praxis Precision Medicines Inc shares valued at $660,827 were sold by Nemiroff Alex on Nov 14 ’24. At $80.20 per share, Nemiroff Alex sold 8,239 shares. The insider’s holdings dropped to 10,301 shares worth approximately $0.39 million following the completion of this transaction.
Also, Mastrocola Lauren sold 5,188 shares, netting a total of over 424,318 in proceeds. Following the sale of shares at $81.78 each, the insider now holds 5,613 shares.
Before that, Mastrocola Lauren had added 5,189 shares to its account. In a trade valued at $424,316, the Officer bought Praxis Precision Medicines Inc shares for $81.77 each.
As published in a research note from H.C. Wainwright on March 03, 2025, Praxis Precision Medicines Inc [PRAX] has been retained to a Buy and the price target has been revised to $105. Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid February. As of August 05, 2024, Oppenheimer has initiated its “an Outperform” rating for PRAX. Earlier on June 24, 2024, Needham initiated its rating. Their recommendation was “a Buy” for PRAX stock.
Analyzing PRAX Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, Praxis Precision Medicines Inc shares have dropped approximately -50.38%. Shares of the company reached a 52-week high of $91.83 on 02/14/25 and a 52-week low of $30.01 on 03/04/25. A 50-day SMA is recorded $62.29, while a 200-day SMA reached $61.58.
Support And Resistance Levels for Praxis Precision Medicines Inc (PRAX)
According to the 24-hour chart, there is a support level at 34.77, which, if violated, would cause prices to drop to 31.36. In the upper region, resistance lies at 39.93. The next price resistance is at 41.68. RSI (Relative Strength Index) is 35.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 23.11%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
