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 $1,610,936 were purchased by MOTT DAVID M on May 02 ’25. At $4.22 per share, MOTT DAVID M acquired 381,377 shares. The insider’s holdings grew to 2,396,871 shares worth approximately $8.87 million following the completion of this transaction.
Also, RAAB MICHAEL sold 41,666 shares, netting a total of over 177,168 in proceeds. Following the sale of shares at $4.25 each, the insider now holds 1,594,754 shares.
Before that, MICHAEL RAAB had added 125,000 shares to its account. In a trade valued at $683,750, the Director bought Ardelyx Inc shares for $5.47 each.
As published in a research note from Raymond James on May 02, 2025, Ardelyx Inc [ARDX] has been rated down from a Strong buy to an Outperform and the price target has been revised to $11. As of March 04, 2025, BTIG Research has initiated its “Buy” rating for ARDX. Earlier on November 11, 2024, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for ARDX stock which previously was a “a Buy”.
Analyzing ARDX Stock Performance
During the last five days, there has been a drop of approximately -32.79%. Over the course of the year, Ardelyx Inc shares have dropped approximately -27.02%. Shares of the company reached a 52-week high of $6.55 on 02/19/25 and a 52-week low of $3.62 on 05/05/25. A 50-day SMA is recorded $4.96, while a 200-day SMA reached $5.47.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 3.59, which, if violated, would cause prices to drop to 3.48. In the upper region, resistance lies at 3.88. The next price resistance is at 4.06. RSI (Relative Strength Index) is 33.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.96, which suggests the price will decrease in the coming days. Percent R is at 96.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
