Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Edgewise Therapeutics Inc shares valued at $25,520 were sold by Russell Alan J on May 02 ’25. At $16.45 per share, Russell Alan J sold 1,551 shares. The insider’s holdings dropped to 18,521 shares worth approximately $0.27 million following the completion of this transaction.
Also, MOORE JOHN R sold 1,930 shares, netting a total of over 31,757 in proceeds. Following the sale of shares at $16.45 each, the insider now holds 6,531 shares.
Before that, KOCH KEVIN had sold 4,276 shares from its account. In a trade valued at $70,358, the President and CEO traded Edgewise Therapeutics Inc shares for $16.45 each. Upon closing the transaction, the insider’s holdings decreased to 4,276 shares, worth approximately $0.3 million.
As published in their initiating research note from Guggenheim on April 30, 2025, Edgewise Therapeutics Inc [EWTX] has been a Buy and the price target has been revised to $41. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early April. As of March 07, 2025, Scotiabank has initiated its “Sector outperform” rating for EWTX. Earlier on January 22, 2025, Stifel initiated its rating. Their recommendation was “a Hold” for EWTX stock.
Analyzing EWTX Stock Performance
During the last five days, there has been a drop of approximately -1.70%. Over the course of the year, Edgewise Therapeutics Inc shares have dropped approximately -45.88%. Shares of the company reached a 52-week high of $30.48 on 02/06/25 and a 52-week low of $10.60 on 04/07/25. A 50-day SMA is recorded $18.14, while a 200-day SMA reached $24.64.
Support And Resistance Levels for Edgewise Therapeutics Inc (EWTX)
According to the 24-hour chart, there is a support level at 14.13, which, if violated, would cause prices to drop to 13.82. In the upper region, resistance lies at 14.70. The next price resistance is at 14.96. RSI (Relative Strength Index) is 41.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 81.90%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
