Checking in on Guardant Health Inc (GH) after recent insiders movement

Guardant Health Inc’s recent filing unveils that its Director Joyce Meghan V. unloaded Company’s shares for reported $2634.0 on Dec 04. In the deal valued at $26.34 per share,100 shares were sold. As a result of this transaction, Joyce Meghan V. now holds 4,422 shares worth roughly $98433.72.

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Then, Kalia Kumud sold 5,800 shares, generating $152,954 in total proceeds. Upon selling the shares at $26.37, the Chief Information Officer now owns 5,926 shares.

Before that, Kalia Kumud sold 2,125 shares. Guardant Health Inc shares valued at $69,254 were divested by the Chief Information Officer at a price of $32.59 per share. As a result of the transaction, Kalia Kumud now holds 7,813 shares, worth roughly $0.17 million.

Guggenheim initiated its Guardant Health Inc [GH] rating to a Neutral in a research note published recently.

Price Performance Review of GH

On Tuesday, Guardant Health Inc [NASDAQ:GH] saw its stock fall -7.29% to $22.26. Over the last five days, the stock has lost -2.92%. Guardant Health Inc shares have fallen nearly -17.71% since the year began. Nevertheless, the stocks have fallen -29.28% over the past one year. While a 52-week high of $41.06 was reached on 01/09/24, a 52-week low of $20.67 was recorded on 01/24/24. SMA at 50 days reached $25.40, while 200 days put it at $29.71. A total of 2.33 million shares were traded, compared to the trading of 1.03 million shares in the previous session.

Levels Of Support And Resistance For GH Stock

The 24-hour chart illustrates a support level at 21.68, which if violated will result in even more drops to 21.10. On the upside, there is a resistance level at 23.41. A further resistance level may holdings at 24.56. The Relative Strength Index (RSI) on the 14-day chart is 37.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.97%. Stochastics %K at 18.35% indicates the stock is a buying.

How much short interest is there in Guardant Health Inc?

A steep rise in short interest was recorded in Guardant Health Inc stocks on Jan 11, 2024, dropping by -0.17 million shares to a total of 5.32 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 5.49 million shares. There was a decline of -3.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.67.

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