Ardelyx Inc’s recent filing unveils that its Director MOTT DAVID M acquired Company’s shares for reported $1.61 million on May 02 ’25. In the deal valued at $4.22 per share,381,377 shares were bought. As a result of this transaction, MOTT DAVID M now holds 2,396,871 shares worth roughly $9.3 million.
Then, RAAB MICHAEL sold 41,666 shares, generating $177,168 in total proceeds. Upon selling the shares at $4.25, the President & CEO now owns 1,594,754 shares.
Before that, MICHAEL RAAB bought 125,000 shares. Ardelyx Inc shares valued at $683,750 were divested by the Director at a price of $5.47 per share.
Raymond James downgraded its Ardelyx Inc [ARDX] rating to an Outperform from a a Strong buy in a research note published recently. BTIG Research began covering ARDX with “Buy” recommendation on March 04, 2025. H.C. Wainwright revised its rating on November 11, 2024. It rated ARDX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ARDX
On Friday, Ardelyx Inc [NASDAQ:ARDX] saw its stock jump 14.79% to $3.88. Over the last five days, the stock has gained 7.18%. Ardelyx Inc shares have fallen nearly -23.47% since the year began. Nevertheless, the stocks have fallen -50.19% over the past one year. While a 52-week high of $8.06 was reached on 02/19/25, a 52-week low of $3.21 was recorded on 05/15/25. SMA at 50 days reached $4.72, while 200 days put it at $5.40.
Levels Of Support And Resistance For ARDX Stock
The 24-hour chart illustrates a support level at 3.52, which if violated will result in even more drops to 3.16. On the upside, there is a resistance level at 4.14. A further resistance level may holdings at 4.40. The Relative Strength Index (RSI) on the 14-day chart is 43.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.48%. Stochastics %K at 11.78% indicates the stock is a buying.
