On May 26, 2023, Terrance McGuire, a member of the board at Invivyd, made an acquisition of stock options worth 50,000 shares of IVVD. These options give McGuire the right to purchase the company’s stock at a price of $1.7 per share. As of the same date, Invivyd’s shares were trading down by 4.83% at a price of $1.4, which puts the value of McGuire’s 50,000 shares at $69,950. This type of insider transaction can be significant for investors to consider as it may indicate that the insider expects the stock to rise. However, it is essential to note that insider transactions should not be the sole basis for making investment decisions, and insider sells may not necessarily imply that the seller believes the stock will decline. Investors tend to focus more on transactions that occur in the open market, as indicated in Table I of the Form 4 filing.
IVVD Stock Opens at $1.44 with a Market Cap of $135.8M on May 26, 2023
On May 26, 2023, IVVD stock opened at $1.44, down from its previous close of $1.47. The day’s range was between $1.40 and $1.44, with a volume of 834 shares traded. The market cap for IVVD was $135.8M.
Invivyd Incs Stock Analysis: Stable Performance with Slightly Positive Outlook from Analysts
On May 26, Invivyd Inc’s stock (IVVD) had a median target price of 1.50, according to three analysts offering 12-month price forecasts. This represents a +7.14% increase from the last price of 1.40. The high estimate was 5.00, while the low estimate was 1.00.
The current consensus among four polled investment analysts is to hold stock in Invivyd Inc, and this rating has held steady since April.
Invivyd Inc’s current quarter earnings per share were -$0.37, with sales at $0.00. The reporting date for these figures is September 18, 2023. This suggests that the company is currently experiencing losses, which may be a concern for investors.
Overall, the performance of IVVD stock on May 26, 2023, appears to be stable, with a slightly positive outlook from analysts. However, the company’s current losses may be a cause for concern for investors, and it will be important to monitor future earnings reports to see if the company can turn its performance around.