Taking a Closer Look At Precigen Inc. (PGEN) Following Its Recent Trade


Precigen Inc.’s recently made public that its President and CEO Sabzevari Helen unloaded Company’s shares for reported $0.12 million on Aug 25. In the deal valued at $1.53 per share,76,969 shares were sold. As a result of this transaction, Sabzevari Helen now holds 1,560,004 shares worth roughly $ 2.82 million.

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Then, Lehr Donald P. sold 10,947 shares, generating $17,953 in total proceeds. Upon selling the shares at $1.64, the Chief Legal Officer now owns 428,916 shares.

Before that, Thomasian Harry Jr. sold 9,045 shares. Precigen Inc. shares valued at $14,834 were divested by the Chief Financial Officer at a price of $1.64 per share. As a result of the transaction, Thomasian Harry Jr. now holds 161,051 shares, worth roughly $0.29 million.

JP Morgan initiated its Precigen Inc. [PGEN] rating to a Neutral in a research note published on Friday.

Price Performance Review of PGEN

On Friday, Precigen Inc. [NASDAQ:PGEN] saw its stock jump 3.43% to $1.81. On the same session, the stock had its day’s lowest price of $1.76, but rose to a high of $1.83. Over the last five days, the stock has gained 4.62%. Precigen Inc. shares have risen nearly 19.08% since the year began. Nevertheless, the stocks have fallen -18.10% over the past one year. While a 52-week high of $2.90 was reached on 01/23/23, a 52-week low of $0.81 was recorded on 03/27/23. SMA at 50 days reached $1.3538, while 200 days put it at $1.3865. A total of 0.8 million shares were traded, compared to the trading of 1.42 million shares in the previous session.

Levels Of Support And Resistance For PGEN Stock

The 24-hour chart illustrates a support level at 1.7700, which if violated will result in even more drops to 1.7300. On the upside, there is a resistance level at 1.8400. A further resistance level may holdings at 1.8700. The Relative Strength Index (RSI) on the 14-day chart is 62.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1258, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.93%. Stochastics %K at 81.29% indicates the stock is a selling.

How much short interest is there in Precigen Inc.?

A steep rise in short interest was recorded in Precigen Inc. stocks on Aug 14, 2023, growing by 0.22 million shares to a total of 9.82 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 9.6 million shares. There was a rise of 2.24%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.09.

Precigen Inc. [PGEN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,068,072 shares, or roughly 3.55% of the outstanding PGEN shares. In other words, the investor’s shares have risen by 662,340 from its previous 13-F filing of 8405732.0. Additionally, The Vanguard Group, Inc. increased 4.91% of its stake after which the total value it holdings stand at $9,299,734, while Iridian Asset Management LLC reduced -6.61% of its stake to hold $4.63 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 238,524 shares of Precigen Inc., while SSgA Funds Management, Inc. bought 374,253 shares. At present, Renaissance Technologies LLC is holding 1,483,590 shares valued at $2.06 million. Jacobs Levy Equity Management, In owned 1,354,575 shares of the company at the time of its most recent 13F filing, worth $1.88 million.

According to FactSet, Precigen Inc.’s share price will average $9.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 414.29 percent from its previous closing price of $1.75. Analysts expect Precigen Inc. stock to reach the higher price of $14.00, while the lowest price estimate is $6.00. However, 5 analysts have rated PGEN stock as a Buy in their predictions for 2023.


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