Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Akero Therapeutics Inc shares valued at $343,962 were sold by Yale Catriona on Apr 15 ’25. At $37.91 per share, Yale Catriona sold 9,073 shares. The insider’s holdings dropped to 95,034 shares worth approximately $3.9 million following the completion of this transaction.
Also, Cheng Andrew sold 30,000 shares, netting a total of over 1,056,780 in proceeds. Following the sale of shares at $35.23 each, the insider now holds 624,324 shares.
Before that, Rolph Timothy had sold 6,250 shares from its account. In a trade valued at $224,262, the Chief Scientific Officer traded Akero Therapeutics Inc shares for $35.88 each. Upon closing the transaction, the insider’s holdings decreased to 6,250 shares, worth approximately $6.96 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 surge of approximately 9.48%. Over the course of the year, Akero Therapeutics Inc shares have jumped approximately 47.34%. 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 $43.21, while a 200-day SMA reached $33.41.
Support And Resistance Levels for Akero Therapeutics Inc (AKRO)
According to the 24-hour chart, there is a support level at 39.55, which, if violated, would cause prices to drop to 38.10. In the upper region, resistance lies at 41.94. The next price resistance is at 42.88. RSI (Relative Strength Index) is 53.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.41, which suggests the price will increase in the coming days. Percent R is at 4.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
