Macrogenics Inc’s filing revealed that its Senior VP and General Counsel Peters Jeffrey Stuart unloaded Company’s shares for reported $0.8 million on Apr 04 ’24. In the deal valued at $15.55 per share,51,395 shares were sold. As a result of this transaction, Peters Jeffrey Stuart now holds 0 shares worth roughly $0.0.
Then, Peters Jeffrey Stuart sold 19,625 shares, generating $421,938 in total proceeds. Upon selling the shares at $21.50, the Senior VP and General Counsel now owns 8,895 shares.
Before that, Risser Eric Blasius sold 41,159 shares. Macrogenics Inc shares valued at $813,501 were divested by the Chief Operating Officer at a price of $19.76 per share. As a result of the transaction, Risser Eric Blasius now holds 38,900 shares, worth roughly $0.66 million.
TD Cowen upgraded its Macrogenics Inc [MGNX] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. H.C. Wainwright also remained covering MGNX and has decreased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on December 20, 2023. It rated MGNX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MGNX
On Monday, Macrogenics Inc [NASDAQ:MGNX] saw its stock fall -3.42% to $16.94. Over the last five days, the stock has lost -7.68%. Macrogenics Inc shares have risen nearly 76.09% since the year began. Nevertheless, the stocks have risen 148.39% over the past one year. While a 52-week high of $21.88 was reached on 03/06/24, a 52-week low of $4.29 was recorded on 01/02/24. SMA at 50 days reached $17.01, while 200 days put it at $9.33. A total of 0.82 million shares were traded, compared to the trading of 0.88 million shares in the previous session.
Levels Of Support And Resistance For MGNX Stock
The 24-hour chart illustrates a support level at 16.50, which if violated will result in even more drops to 16.06. On the upside, there is a resistance level at 17.55. A further resistance level may holdings at 18.16. The Relative Strength Index (RSI) on the 14-day chart is 51.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.70%. Stochastics %K at 72.06% indicates the stock is a holding.
