Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ovid Therapeutics Inc shares valued at $2,956 were sold by ALEXANDER MARGARET A. on Feb 26 ’25. At $0.56 per share, ALEXANDER MARGARET A. sold 5,279 shares. The insider’s holdings dropped to 73,406 shares worth approximately $23489.920000000002 following the completion of this transaction.
Also, Rona Jeffrey A sold 3,902 shares, netting a total of over 2,185 in proceeds. Following the sale of shares at $0.56 each, the insider now holds 67,973 shares.
Before that, ALEXANDER MARGARET A. had added 6,810 shares to its account. In a trade valued at $4,971, the President and COO bought Ovid Therapeutics Inc shares for $0.73 each. Upon closing the transaction, the insider’s holdings increased to 6,810 shares, worth approximately $11179.2.
As published in a research note from Oppenheimer on June 18, 2024, Ovid Therapeutics Inc [OVID] has been rated down from an Outperform to a Perform. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in late April. As of April 29, 2024, H.C. Wainwright has initiated its “Buy” rating for OVID. Earlier on April 05, 2024, Wedbush initiated its rating. Their recommendation was “an Outperform” for OVID stock.
Analyzing OVID Stock Performance
During the last five days, there has been a surge of approximately 13.48%. Over the course of the year, Ovid Therapeutics Inc shares have dropped approximately -65.19%. Shares of the company reached a 52-week high of $1.0200 on 01/03/25 and a 52-week low of $0.2425 on 04/09/25. A 50-day SMA is recorded $0.4343, while a 200-day SMA reached $0.8843.
Support And Resistance Levels for Ovid Therapeutics Inc (OVID)
According to the 24-hour chart, there is a support level at 0.3076, which, if violated, would cause prices to drop to 0.2901. In the upper region, resistance lies at 0.3347. The next price resistance is at 0.3443. RSI (Relative Strength Index) is 45.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0163, which suggests the price will decrease in the coming days. Percent R is at 16.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
