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INCY (Incyte Corp) may reap gains as insiders became active recently

Incyte Corp’s recently made public that its EVP & General Manager US Flannelly Barry P unloaded Company’s shares for reported $1.34 million on Mar 14 ’25. In the deal valued at $67.69 per share,19,807 shares were sold. As a result of this transaction, Flannelly Barry P now holds 33,567 shares worth roughly $2.14 million.

Then, BARRY FLANNELLY bought 19,807 shares, generating $1,340,728 in total proceeds.

Before that, Denton Sheila A. sold 599 shares. Incyte Corp shares valued at $41,924 were divested by the EVP & General Counsel at a price of $69.99 per share. As a result of the transaction, Denton Sheila A. now holds 25,848 shares, worth roughly $1.65 million.

William Blair downgraded its Incyte Corp [INCY] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. UBS began covering INCY with “Neutral” recommendation on December 17, 2024. BofA Securities revised its rating on October 29, 2024. It rated INCY as “a Buy” which previously was an “a Neutral”.

Price Performance Review of INCY

On Monday, Incyte Corp [NASDAQ:INCY] saw its stock jump 0.79% to $63.81. Over the last five days, the stock has gained 4.86%. Incyte Corp shares have fallen nearly -7.62% since the year began. Nevertheless, the stocks have risen 11.85% over the past one year.

How much short interest is there in Incyte Corp?

A steep rise in short interest was recorded in Incyte Corp stocks on 2025-04-30, dropping by -0.78 million shares to a total of 6.41 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 7.19 million shares. There was a decline of -12.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on October 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $84 price target.

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