In a filing, GoodRx Holdings Inc revealed its insider Wagner Scott acquired Company’s shares for reported $0.12 million on Nov 30 ’23. In the deal valued at $5.76 per share,21,652 shares were bought. As a result of this transaction, Wagner Scott now holds 182,900 shares worth roughly $1.26 million.
Then, Wagner Scott bought 26,348 shares, generating $155,482 in total proceeds. Upon buying the shares at $5.90, the insider now owns 161,248 shares.
Before that, Wagner Scott bought 4,157 shares. GoodRx Holdings Inc shares valued at $24,940 were divested by the insider at a price of $6.00 per share. As a result of the transaction, Wagner Scott now holds 134,900 shares, worth roughly $0.93 million.
Wells Fargo upgraded its GoodRx Holdings Inc [GDRX] rating to an Overweight from a an Equal weight in a research note published on March 25, 2024; the price target was increased to $10 from $7.50. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early March from “a Neutral” to “an Overweight”. Leerink Partners began covering GDRX with “an Outperform” recommendation on February 26, 2024. BofA Securities revised its rating on January 02, 2024. It rated GDRX as “an Underperform” which previously was an “a Buy”.
Price Performance Review of GDRX
On Friday, GoodRx Holdings Inc [NASDAQ:GDRX] saw its stock jump 2.83% to $6.90. Over the last five days, the stock has lost -2.82%. GoodRx Holdings Inc shares have risen nearly 2.99% since the year began. Nevertheless, the stocks have risen 15.00% over the past one year. While a 52-week high of $9.37 was reached on 03/01/24, a 52-week low of $4.14 was recorded on 01/04/24. SMA at 50 days reached $6.78, while 200 days put it at $6.28. A total of 0.84 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For GDRX Stock
The 24-hour chart illustrates a support level at 6.70, which if violated will result in even more drops to 6.50. On the upside, there is a resistance level at 7.00. A further resistance level may holdings at 7.10. The Relative Strength Index (RSI) on the 14-day chart is 50.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.70%. Stochastics %K at 24.17% indicates the stock is a holding.
How much short interest is there in GoodRx Holdings Inc?
A steep rise in short interest was recorded in GoodRx Holdings Inc stocks on Mar 15, 2024, growing by 0.13 million shares to a total of 9.85 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.72 million shares. There was a rise of 1.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.88% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.
