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 $26,207 were sold by Williams Laura A on May 20 ’25. At $4.08 per share, Williams Laura A sold 6,421 shares. The insider’s holdings dropped to 402,583 shares worth approximately $1.57 million following the completion of this transaction.
Also, Renz Justin A sold 7,218 shares, netting a total of over 29,460 in proceeds. Following the sale of shares at $4.08 each, the insider now holds 416,089 shares.
Before that, RAAB MICHAEL had sold 46,817 shares from its account. In a trade valued at $191,079, the President & CEO traded Ardelyx Inc shares for $4.08 each. Upon closing the transaction, the insider’s holdings decreased to 46,817 shares, worth approximately $6.05 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 drop of approximately -6.46%. Over the course of the year, Ardelyx Inc shares have dropped approximately -22.88%. 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.
Support And Resistance Levels for Ardelyx Inc (ARDX)
According to the 24-hour chart, there is a support level at 3.86, which, if violated, would cause prices to drop to 3.82. In the upper region, resistance lies at 4.00. The next price resistance is at 4.10. RSI (Relative Strength Index) is 44.13 on the 14-day chart, showing neutral technical sentiment.
