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. 23andMe Holding Co shares valued at $19,282 were sold by HIBBS KATHY L on Apr 04 ’24. At $0.50 per share, HIBBS KATHY L sold 38,548 shares. The insider’s holdings dropped to 1,252,315 shares worth approximately $0.59 million following the completion of this transaction.
Also, HIBBS KATHY L sold 38,548 shares, netting a total of over 17,894 in proceeds. Following the sale of shares at $0.46 each, the insider now holds 1,252,315 shares.
Before that, HIBBS KATHY L had sold 38,548 shares from its account. In a trade valued at $20,430, the Chief Administrative Officer traded 23andMe Holding Co shares for $0.53 each. Upon closing the transaction, the insider’s holdings decreased to 38,548 shares, worth approximately $0.59 million.
As published in their initiating research note from Berenberg on November 29, 2022, 23andMe Holding Co [ME] has been a Buy and the price target has been revised to $7. Analysts at Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of November 15, 2021, Citigroup has decreased its “Buy” rating to a “Neutral” for ME. Earlier on August 17, 2021, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for ME stock.
Analyzing ME Stock Performance
During the last five days, there has been a drop of approximately -8.86%. Over the course of the year, 23andMe Holding Co shares have dropped approximately -48.52%. Shares of the company reached a 52-week high of $0.9595 on 01/02/24 and a 52-week low of $0.4012 on 03/22/24. A 50-day SMA is recorded $0.5787, while a 200-day SMA reached $0.9720. Nevertheless, trading volume fell to 2.94 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for 23andMe Holding Co (ME)
According to the 24-hour chart, there is a support level at 0.4556, which, if violated, would cause prices to drop to 0.4409. In the upper region, resistance lies at 0.4830. The next price resistance is at 0.4957. RSI (Relative Strength Index) is 42.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0066, which suggests the price will decrease in the coming days. Percent R is at 54.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is 23andMe Holding Co subject to short interest?
Stocks of 23andMe Holding Co saw a sharp steep in short interest on Mar 15, 2024 dropping by 60000.0 shares to 30.95 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 31.01 million shares. A decline of -0.19% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.24 of the overall float, the days-to-cover ratio (short ratio) decline to 4.24.
