Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Acelyrin Inc shares valued at $49,354 were sold by Kim Mina on Mar 17 ’25. At $2.74 per share, Kim Mina sold 17,986 shares. The insider’s holdings dropped to 671,753 shares worth approximately $1.44 million following the completion of this transaction.
Also, Murugan Amar sold 3,913 shares, netting a total of over 10,737 in proceeds. Following the sale of shares at $2.74 each, the insider now holds 121,587 shares.
Before that, Mpofu Shephard had sold 3,211 shares from its account. In a trade valued at $8,811, the Chief Medical Officer traded Acelyrin Inc shares for $2.74 each. Upon closing the transaction, the insider’s holdings decreased to 3,211 shares, worth approximately $0.26 million.
As published in a research note from H.C. Wainwright on August 14, 2024, Acelyrin Inc [SLRN] has been rated down from a Buy to a Neutral and the price target has been revised to $6 from $18. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early July. As of December 13, 2023, Wells Fargo has initiated its “an Equal weight” rating for SLRN. Earlier on December 08, 2023, Citigroup initiated its rating. Their recommendation was “a Neutral” for SLRN stock.
Analyzing SLRN Stock Performance
During the last five days, there has been a drop of approximately -16.67%. Over the course of the year, Acelyrin Inc shares have dropped approximately -31.53%. Shares of the company reached a 52-week high of $3.95 on 01/03/25 and a 52-week low of $1.85 on 02/11/25. A 50-day SMA is recorded $2.41, while a 200-day SMA reached $4.09.
Support And Resistance Levels for Acelyrin Inc (SLRN)
According to the 24-hour chart, there is a support level at 2.07, which, if violated, would cause prices to drop to 2.00. In the upper region, resistance lies at 2.20. The next price resistance is at 2.26. RSI (Relative Strength Index) is 37.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.32, which suggests the price will decrease in the coming days. Percent R is at 86.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
