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. Immunovant Inc shares valued at $156,769 were sold by Fromkin Andrew J. on Mar 07 ’25. At $19.60 per share, Fromkin Andrew J. sold 8,000 shares. The insider’s holdings dropped to 91,913 shares worth approximately $1.51 million following the completion of this transaction.
Also, ANDREW J FROMKIN purchased 8,000 shares, netting a total of over 156,160 in proceeds.
Before that, Macias William L. had sold 2,055 shares from its account. In a trade valued at $42,867, the Chief Medical Officer traded Immunovant Inc shares for $20.86 each. Upon closing the transaction, the insider’s holdings decreased to 2,055 shares, worth approximately $5.87 million.
As published in their initiating research note from Jefferies on March 03, 2025, Immunovant Inc [IMVT] has been a Hold and the price target has been revised to $20. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in early January. Earlier on October 09, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for IMVT stock.
Analyzing IMVT Stock Performance
During the last five days, there has been a drop of approximately -8.22%. Over the course of the year, Immunovant Inc shares have dropped approximately -33.71%. Shares of the company reached a 52-week high of $25.79 on 01/02/25 and a 52-week low of $14.90 on 04/02/25. A 50-day SMA is recorded $19.98, while a 200-day SMA reached $26.28.
Support And Resistance Levels for Immunovant Inc (IMVT)
According to the 24-hour chart, there is a support level at 15.35, which, if violated, would cause prices to drop to 14.29. In the upper region, resistance lies at 17.03. The next price resistance is at 17.65. RSI (Relative Strength Index) is 37.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 72.56%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
