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. Ardelyx Inc shares valued at $191,151 were sold by RAAB MICHAEL on Apr 04 ’25. At $4.59 per share, RAAB MICHAEL sold 41,666 shares. The insider’s holdings dropped to 1,615,587 shares worth approximately $7.43 million following the completion of this transaction.
Also, Rosenbaum David P. purchased 44,330 shares, netting a total of over 242,559 in proceeds.
Before that, RAAB MICHAEL had sold 41,668 shares from its account. In a trade valued at $223,199, the President & CEO traded Ardelyx Inc shares for $5.36 each. Upon closing the transaction, the insider’s holdings decreased to 41,668 shares, worth approximately $7.52 million.
Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of November 11, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for ARDX. Earlier on July 02, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for ARDX stock which previously was a “an Overweight”.
Analyzing ARDX Stock Performance
During the last five days, there has been a surge of approximately 2.22%. Over the course of the year, Ardelyx Inc shares have dropped approximately -9.27%. Shares of the company reached a 52-week high of $6.55 on 02/19/25 and a 52-week low of $4.02 on 04/09/25. A 50-day SMA is recorded $5.20, while a 200-day SMA reached $5.54.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 4.51, which, if violated, would cause prices to drop to 4.42. In the upper region, resistance lies at 4.68. The next price resistance is at 4.76. RSI (Relative Strength Index) is 42.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 48.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
