Neogen Corp.’s recent filing unveils that its Director BOEHM WILLIAM T acquired Company’s shares for reported $32110.0 on Nov 03 ’23. In the deal valued at $16.05 per share,2,000 shares were bought. As a result of this transaction, BOEHM WILLIAM T now holds 26,509 shares worth roughly $0.38 million.
Then, Jones Douglas Edward bought 10,000 shares, generating $151,727 in total proceeds. Upon buying the shares at $15.17, the Chief Operating Officer now owns 36,131 shares.
Before that, Lilly Jason Warren sold 351 shares. Neogen Corp. shares valued at $5,300 were divested by the Vice President at a price of $15.10 per share. As a result of the transaction, Lilly Jason Warren now holds 26,744 shares, worth roughly $0.38 million.
Wells Fargo initiated its Neogen Corp. [NEOG] rating to an Overweight in a research note published on June 16, 2023; the price target was $22. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in late November from “a Mkt perform” to “an Outperform”. Piper Sandler began covering NEOG with “Neutral” recommendation on July 12, 2022. Guggenheim started covering the stock on May 23, 2019. It rated NEOG as “a Neutral”.
Price Performance Review of NEOG
On Friday, Neogen Corp. [NASDAQ:NEOG] saw its stock jump 1.92% to $14.35. Over the last five days, the stock has lost -9.06%. Neogen Corp. shares have fallen nearly -28.64% since the year began. Nevertheless, the stocks have fallen -19.47% over the past one year. While a 52-week high of $24.09 was reached on 01/02/24, a 52-week low of $13.94 was recorded on 04/04/24. SMA at 50 days reached $16.05, while 200 days put it at $18.52. A total of 2.22 million shares were traded, compared to the trading of 2.71 million shares in the previous session.
Levels Of Support And Resistance For NEOG Stock
The 24-hour chart illustrates a support level at 14.08, which if violated will result in even more drops to 13.82. On the upside, there is a resistance level at 14.52. A further resistance level may holdings at 14.69. The Relative Strength Index (RSI) on the 14-day chart is 34.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.85%. Stochastics %K at 9.53% indicates the stock is a buying.
How much short interest is there in Neogen Corp.?
A steep rise in short interest was recorded in Neogen Corp. stocks on Mar 15, 2024, growing by 1.48 million shares to a total of 16.22 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 14.74 million shares. There was a rise of 9.12%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.45% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.58.
