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 $329,120 were purchased by MOTT DAVID M on May 15 ’25. At $3.29 per share, MOTT DAVID M acquired 100,000 shares. The insider’s holdings grew to 2,496,871 shares worth approximately $9.96 million following the completion of this transaction.
Also, MOTT DAVID M purchased 381,377 shares, netting a total of over 1,610,936 in proceeds. Following the buying of shares at $4.22 each, the insider now holds 2,396,871 shares.
Before that, RAAB MICHAEL had sold 41,666 shares from its account. In a trade valued at $177,168, the President & CEO traded Ardelyx Inc shares for $4.25 each. Upon closing the transaction, the insider’s holdings decreased to 41,666 shares, worth approximately $6.36 million.
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 surge of approximately 21.65%. Over the course of the year, Ardelyx Inc shares have dropped approximately -21.30%. Shares of the company reached a 52-week high of $6.55 on 02/19/25 and a 52-week low of $3.21 on 05/15/25. A 50-day SMA is recorded $4.64, while a 200-day SMA reached $5.37.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 3.90, which, if violated, would cause prices to drop to 3.81. In the upper region, resistance lies at 4.13. The next price resistance is at 4.26. RSI (Relative Strength Index) is 45.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 42.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
