Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akero Therapeutics Inc shares valued at $224,262 were sold by Rolph Timothy on Apr 07 ’25. At $35.88 per share, Rolph Timothy sold 6,250 shares. The insider’s holdings dropped to 169,721 shares worth approximately $5.91 million following the completion of this transaction.
Also, PATRICK D LAMY purchased 8,000 shares, netting a total of over 293,840 in proceeds.
Before that, Graham G. Walmsley had added 91,309 shares to its account. In a trade valued at $4,085,804, the Director bought Akero Therapeutics Inc shares for $44.75 each. Upon closing the transaction, the insider’s holdings increased to 91,309 shares, worth approximately $38.0 million.
As published in a research note from BofA Securities on January 30, 2025, Akero Therapeutics Inc [AKRO] has been rated up from a Neutral to a Buy and the price target has been revised to $63 from $35. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in late January. As of November 18, 2024, Citigroup has initiated its “Buy” rating for AKRO.
Analyzing AKRO Stock Performance
During the last five days, there has been a drop of approximately -12.93%. Over the course of the year, Akero Therapeutics Inc shares have jumped approximately 25.16%. Shares of the company reached a 52-week high of $58.40 on 01/27/25 and a 52-week low of $21.34 on 01/14/25. A 50-day SMA is recorded $46.10, while a 200-day SMA reached $32.71.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 33.16, which, if violated, would cause prices to drop to 31.49. In the upper region, resistance lies at 36.51. The next price resistance is at 38.19. RSI (Relative Strength Index) is 35.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.59, which suggests the price will decrease in the coming days. Percent R is at 78.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
