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. Mineralys Therapeutics Inc shares valued at $879,009 were purchased by Rodman David Malcom on Apr 01 ’25. At $15.76 per share, Rodman David Malcom acquired 55,771 shares.
Also, Samsara BioCapital GP, LLC purchased 600,000 shares, netting a total of over 8,100,000 in proceeds. Following the buying of shares at $13.50 each, the insider now holds 5,674,916 shares.
Before that, AKKARAJU SRINIVAS had added 600,000 shares to its account. In a trade valued at $8,100,000, the Director bought Mineralys Therapeutics Inc shares for $13.50 each. Upon closing the transaction, the insider’s holdings increased to 600,000 shares, worth approximately $79.45 million.
As published in their initiating research note from H.C. Wainwright on July 10, 2024, Mineralys Therapeutics Inc [MLYS] has been a Buy and the price target has been revised to $30. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of March 07, 2023, Wells Fargo has initiated its “an Overweight” rating for MLYS. Earlier on March 07, 2023, Stifel initiated its rating. Their recommendation was “a Buy” for MLYS stock.
Analyzing MLYS Stock Performance
During the last five days, there has been a drop of approximately -13.31%. Over the course of the year, Mineralys Therapeutics Inc shares have jumped approximately 13.73%. Shares of the company reached a 52-week high of $18.38 on 03/19/25 and a 52-week low of $8.24 on 02/25/25. A 50-day SMA is recorded $11.78, while a 200-day SMA reached $12.24.
Support And Resistance Levels for Mineralys Therapeutics Inc (MLYS)
According to the 24-hour chart, there is a support level at 13.25, which, if violated, would cause prices to drop to 12.51. In the upper region, resistance lies at 14.49. The next price resistance is at 14.99. RSI (Relative Strength Index) is 50.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 81.41%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
