A company insider recently sold 12,500 shares of Axogen Inc. [AXGN]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axogen Inc. shares valued at $93,809 were sold by MARIANI PETER J on Dec 11. At $7.50 per share, MARIANI PETER J sold 12,500 shares. The insider’s holdings dropped to 63,603 shares worth approximately $0.67 million following the completion of this transaction.

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Also, Wendell Amy McBride purchased 10,000 shares, netting a total of over 62,240 in proceeds. Following the buying of shares at $6.22 each, the insider now holds 80,342 shares.

Before that, Burke William P. Mr. had added 10,000 shares to its account. In a trade valued at $65,600, the Director bought Axogen Inc. shares for $6.56 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.1 million.

Analyzing AXGN Stock Performance

During the last five days, there has been a surge of approximately 6.28%. Over the course of the year, Axogen Inc. shares have jumped approximately 53.59%. Shares of the company reached a 52-week high of $10.50 on 02/15/24 and a 52-week low of $6.52 on 01/04/24. A 50-day SMA is recorded $8.32, while a 200-day SMA reached $7.28. Nevertheless, trading volume fell to 0.33 million shares from 0.56 million shares the previous day.

Support And Resistance Levels for Axogen Inc. (AXGN)

According to the 24-hour chart, there is a support level at 10.15, which, if violated, would cause prices to drop to 9.80. In the upper region, resistance lies at 10.67. The next price resistance is at 10.84. RSI (Relative Strength Index) is 73.76 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 0.91%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Axogen Inc. subject to short interest?

Stocks of Axogen Inc. saw a sharp steep in short interest on Jan 31, 2024 dropping by -0.89 million shares to 1.38 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 2.27 million shares. A decline of -64.49% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.87 of the overall float, the days-to-cover ratio (short ratio) decline to 2.87.

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