The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Illumina Inc shares valued at $991,672 were purchased by Thaysen Jacob on Feb 22 ’24. At $135.29 per share, Thaysen Jacob acquired 7,330 shares. The insider’s holdings grew to 14,861 shares worth approximately $1.95 million following the completion of this transaction.
Also, Hoyt Aimee L sold 315 shares, netting a total of over 35,545 in proceeds. Following the sale of shares at $112.84 each, the insider now holds 8,314 shares.
Before that, TOUSI SUSAN H had sold 500 shares from its account. In a trade valued at $83,520, the SVP, Chief Commercial Officer traded Illumina Inc shares for $167.04 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $5.97 million.
As published in a research note from HSBC Securities on January 16, 2024, Illumina Inc [ILMN] has been rated down from a Buy to a Hold. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early January. As of December 18, 2023, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for ILMN. Earlier on December 15, 2023, Bernstein upgraded its rating. Their new recommendation was “a Mkt perform” for ILMN stock which previously was a “an Underperform”.
Analyzing ILMN Stock Performance
During the last five days, there has been a surge of approximately 2.69%. Over the course of the year, Illumina Inc shares have dropped approximately -5.80%. Shares of the company reached a 52-week high of $148.19 on 01/31/24 and a 52-week low of $123.66 on 04/05/24. A 50-day SMA is recorded $136.61, while a 200-day SMA reached $142.48. Nevertheless, trading volume fell to 1.87 million shares from 1.09 million shares the previous day.
Support And Resistance Levels for Illumina Inc (ILMN)
According to the 24-hour chart, there is a support level at 128.83, which, if violated, would cause prices to drop to 126.49. In the upper region, resistance lies at 132.92. The next price resistance is at 134.68. RSI (Relative Strength Index) is 46.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.96, which suggests the price will decrease in the coming days. Percent R is at 63.42%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Illumina Inc subject to short interest?
Stocks of Illumina Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.33 million shares to 5.28 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.95 million shares. A jump of 6.25% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.36 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.36.
