Recent Insider Activity Suggests Potential Gains for Incyte Corp (INCY)

Incyte Corp’s recent filing unveils that its EVP & General Counsel Denton Sheila A. unloaded Company’s shares for reported $0.12 million on Jun 03 ’25. In the deal valued at $68.00 per share,1,795 shares were sold. As a result of this transaction, Denton Sheila A. now holds 26,504 shares worth roughly $1.89 million.

Then, SHEILA DENTON bought 1,795 shares, generating $122,060 in total proceeds.

Before that, Tray Thomas sold 963 shares. Incyte Corp shares valued at $63,279 were divested by the Principal Accounting Officer at a price of $65.71 per share. As a result of the transaction, Tray Thomas now holds 22,654 shares, worth roughly $1.61 million.

Stifel upgraded its Incyte Corp [INCY] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid March from “an Outperform” to “a Mkt perform”. Guggenheim also remained covering INCY and has decreased its forecast on March 18, 2025 with a “Neutral” recommendation from previously “Buy” rating. UBS started covering the stock on December 17, 2024. It rated INCY as “a Neutral”.

Price Performance Review of INCY

On Monday, Incyte Corp [NASDAQ:INCY] saw its stock jump 5.12% to $71.22. Over the last five days, the stock has gained 1.90%. Incyte Corp shares have risen nearly 3.11% since the year began. Nevertheless, the stocks have risen 18.82% over the past one year. While a 52-week high of $83.95 was reached on 02/07/25, a 52-week low of $53.56 was recorded on 04/09/25.

Levels Of Support And Resistance For INCY Stock

The 24-hour chart illustrates a support level at 69.72, which if violated will result in even more drops to 68.21. On the upside, there is a resistance level at 72.01. A further resistance level may holdings at 72.79.

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