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. Solid Biosciences Inc shares valued at $9,924 were purchased by Kahn Clare on Mar 11 ’25. At $5.34 per share, Kahn Clare acquired 1,860 shares. The insider’s holdings grew to 2,960 shares worth approximately $9649.599999999999 following the completion of this transaction.
Also, Bain Capital Life Sciences Inv purchased 1,000,000 shares, netting a total of over 4,030,000 in proceeds. Following the buying of shares at $4.03 each, the insider now holds 5,034,582 shares.
Before that, PERCEPTIVE ADVISORS LLC had added 5,000,000 shares to its account. In a trade valued at $20,150,000, the Director bought Solid Biosciences Inc shares for $4.03 each. Upon closing the transaction, the insider’s holdings increased to 5,000,000 shares, worth approximately $38.58 million.
As published in their initiating research note from Truist on January 08, 2025, Solid Biosciences Inc [SLDB] has been a Buy and the price target has been revised to $16. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid December. As of December 10, 2024, JMP Securities has initiated its “Mkt outperform” rating for SLDB. Earlier on July 15, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for SLDB stock which previously was a “a Neutral”.
Analyzing SLDB Stock Performance
During the last five days, there has been a surge of approximately 10.51%. Over the course of the year, Solid Biosciences Inc shares have dropped approximately -18.50%. Shares of the company reached a 52-week high of $7.20 on 02/18/25 and a 52-week low of $2.41 on 05/15/25.
Support And Resistance Levels for Solid Biosciences Inc (SLDB)
According to the 24-hour chart, there is a support level at 3.08, which, if violated, would cause prices to drop to 2.89. In the upper region, resistance lies at 3.37. The next price resistance is at 3.47. RSI (Relative Strength Index) is 53.17 on the 14-day chart, showing neutral technical sentiment.
