Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Prothena Corporation plc shares valued at $27,744,929 were sold by EcoR1 Capital, LLC on May 02 ’25. At $8.36 per share, EcoR1 Capital, LLC sold 3,317,938 shares. The insider’s holdings dropped to 8,266,342 shares worth approximately $58.69 million following the completion of this transaction.
Also, EcoR1 Capital, LLC sold 1,984,053 shares, netting a total of over 15,164,712 in proceeds. Following the sale of shares at $7.64 each, the insider now holds 5,304,596 shares.
Before that, EcoR1 Capital, LLC had sold 977,693 shares from its account. In a trade valued at $7,930,166, the 10% Owner traded Prothena Corporation plc shares for $8.11 each. Upon closing the transaction, the insider’s holdings decreased to 977,693 shares, worth approximately $51.75 million.
As published in their initiating research note from Chardan Capital Markets on December 20, 2024, Prothena Corporation plc [PRTA] has been a Buy and the price target has been revised to $40. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of December 12, 2023, Deutsche Bank has initiated its “Buy” rating for PRTA. Earlier on April 24, 2023, SVB Securities initiated its rating. Their recommendation was “an Outperform” for PRTA stock.
Analyzing PRTA Stock Performance
During the last five days, there has been a drop of approximately -18.58%. Over the course of the year, Prothena Corporation plc shares have dropped approximately -48.74%. Shares of the company reached a 52-week high of $16.67 on 02/21/25 and a 52-week low of $7.01 on 05/08/25. A 50-day SMA is recorded $11.56, while a 200-day SMA reached $15.81.
Support And Resistance Levels for Prothena Corporation plc (PRTA)
According to the 24-hour chart, there is a support level at 6.93, which, if violated, would cause prices to drop to 6.75. In the upper region, resistance lies at 7.36. The next price resistance is at 7.61. RSI (Relative Strength Index) is 17.71 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.56, which suggests the price will decrease in the coming days. Percent R is at 97.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
