A company insider recently sold 6,500 shares of Hologic Inc. [HOLX]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hologic Inc. shares valued at $512,168 were sold by Verstreken Jan on May 17. At $78.80 per share, Verstreken Jan sold 6,500 shares. The insider’s holdings dropped to 64,191 shares worth approximately $4.04 million following the completion of this transaction.

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Also, COHN BENJAMIN JORDAN sold 3,844 shares, netting a total of over 302,730 in proceeds. Following the sale of shares at $78.75 each, the insider now holds 13,532 shares.

Before that, COHN BENJAMIN JORDAN had sold 7,052 shares from its account. In a trade valued at $532,365, the Principal Accounting Officer traded Hologic Inc. shares for $75.49 each. Upon closing the transaction, the insider’s holdings decreased to 7,052 shares, worth approximately $0.85 million.

As published in their initiating research note from UBS on July 20, 2022, Hologic Inc. [HOLX] has been a Neutral and the price target has been revised to $73. This represents a 13.85% premium over Wednesday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of July 18, 2022, BTIG Research has decreased its “Buy” rating to a “Neutral” for HOLX. Earlier on April 25, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for HOLX stock which previously was a “an Overweight”.

Analyzing HOLX’s Price Performance

On Wednesday, Hologic Inc. [NASDAQ: HOLX] plunged -2.72% to $62.89. The stock’s lowest price that day was $62.73, but it reached a high of $65.30 in the same session. During the last five days, there has been a drop of approximately -7.50%. Over the course of the year, Hologic Inc. shares have dropped approximately -17.86%. Shares of the company reached a 52-week high of $80.49 on 04/08/22 and a 52-week low of $62.73 on 09/21/22. A 50-day SMA is recorded $69.78, while a 200-day SMA reached $72.47. Nevertheless, trading volume fell to 2.55 million shares from 1.31 million shares the previous day.

Support And Resistance Levels for Hologic Inc. (HOLX)

According to the 24-hour chart, there is a support level at 61.98, which, if violated, would cause prices to drop to 61.07. In the upper region, resistance lies at 64.55. The next price resistance is at 66.21. RSI (Relative Strength Index) is 26.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.69, which suggests the price will decrease in the coming days. Percent R is at 97.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Hologic Inc. subject to short interest?

Stocks of Hologic Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.55 million shares to 7.39 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.94 million shares. A decline of -7.44% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.61 of the overall float, the days-to-cover ratio (short ratio) decline to 4.61.

Which companies own the most shares of Hologic Inc. (HOLX)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 34,684,838 shares, which is about 13.89% of the total HOLX shares outstanding. The investor’s shares have plunged by -8,421,942 from its previous 13-F filing of 43106780.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,846,116,590. BlackRock Fund Advisors acquire a 8.29% interest valued at $1.01 billion while SSgA Funds Management, Inc. purchased a 50,274 stake. A total of 6,268,610 shares of Hologic Inc. were bought by Macquarie Investment Management B during the quarter, and 111,076 were bought by Geode Capital Management LLC. In its current portfolio, Wellington Management Co. LLP holds 4,852,693 shares valued at $327.85 million.

In terms of Hologic Inc. share price expectations, FactSet research, analysts set an average price target of $79.10 in the next 12 months, up nearly 21.42% from the previous closing price of $64.65. Analysts anticipate Hologic Inc. stock to reach $90.00 by 2022, with the lowest price target being $64.00. In spite of this, 18 analysts ranked Hologic Inc. stock as an Overweight at the end of 2022. On April 04, 2022, Evercore ISI assigned a price target of “an In-line” to the stock and downgraded coverage with a $80.


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