Neogen Corp.’s filing revealed that its Director BOREL JAMES C acquired Company’s shares for reported $97986.0 on Apr 11 ’24. In the deal valued at $13.06 per share,7,500 shares were bought. As a result of this transaction, BOREL JAMES C now holds 21,392 shares worth roughly $0.26 million.
Then, ADENT JOHN EDWARD bought 23,000 shares, generating $284,190 in total proceeds. Upon buying the shares at $12.36, the CEO now owns 152,389 shares.
Before that, Naemura David H. bought 12,500 shares. Neogen Corp. shares valued at $156,321 were divested by the CFO at a price of $12.51 per share. As a result of the transaction, Naemura David H. now holds 30,040 shares, worth roughly $0.37 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 fall -4.77% to $12.38. Over the last five days, the stock has lost -13.73%. Neogen Corp. shares have fallen nearly -38.44% since the year began. Nevertheless, the stocks have fallen -26.96% over the past one year. While a 52-week high of $24.09 was reached on 01/02/24, a 52-week low of $12.18 was recorded on 04/10/24. SMA at 50 days reached $15.76, while 200 days put it at $18.31. A total of 4.25 million shares were traded, compared to the trading of 5.01 million shares in the previous session.
Levels Of Support And Resistance For NEOG Stock
The 24-hour chart illustrates a support level at 12.07, which if violated will result in even more drops to 11.77. On the upside, there is a resistance level at 12.86. A further resistance level may holdings at 13.34. The Relative Strength Index (RSI) on the 14-day chart is 26.80, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.58%. Stochastics %K at 11.95% indicates the stock is a buying.
