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. Arcutis Biotherapeutics Inc shares valued at $38,131 were sold by Watanabe Todd Franklin on Mar 25 ’25. At $17.56 per share, Watanabe Todd Franklin sold 2,171 shares. The insider’s holdings dropped to 925,243 shares worth approximately $14.89 million following the completion of this transaction.
Also, Watanabe Todd Franklin sold 1,500 shares, netting a total of over 26,282 in proceeds. Following the sale of shares at $17.52 each, the insider now holds 927,414 shares.
Before that, Watanabe Todd Franklin had added 2,171 shares to its account. In a trade valued at $38,131, the Officer bought Arcutis Biotherapeutics Inc shares for $17.56 each.
As published in their initiating research note from H.C. Wainwright on December 30, 2024, Arcutis Biotherapeutics Inc [ARQT] has been a Buy and the price target has been revised to $19. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of January 03, 2024, Mizuho has increased its “Neutral” rating to a “Buy” for ARQT. Earlier on October 26, 2023, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for ARQT stock which previously was a “a Buy”.
Analyzing ARQT Stock Performance
During the last five days, there has been a drop of approximately -4.05%. Over the course of the year, Arcutis Biotherapeutics Inc shares have jumped approximately 15.51%. Shares of the company reached a 52-week high of $17.75 on 03/25/25 and a 52-week low of $11.13 on 02/11/25. A 50-day SMA is recorded $13.97, while a 200-day SMA reached $11.34.
Support And Resistance Levels for Arcutis Biotherapeutics Inc (ARQT)
According to the 24-hour chart, there is a support level at 15.83, which, if violated, would cause prices to drop to 15.56. In the upper region, resistance lies at 16.49. The next price resistance is at 16.88. RSI (Relative Strength Index) is 56.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 45.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
