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. Myriad Genetics, Inc. shares valued at $572,835 were sold by Riggsbee Richard Bryan on Dec 01 ’23. At $19.09 per share, Riggsbee Richard Bryan sold 30,000 shares. The insider’s holdings dropped to 291,812 shares worth approximately $5.44 million following the completion of this transaction.
Also, Riggsbee Richard Bryan sold 30,000 shares, netting a total of over 470,622 in proceeds. Following the sale of shares at $15.69 each, the insider now holds 321,812 shares.
Before that, SPIEGELMAN DANIEL K had sold 8,638 shares from its account. In a trade valued at $198,760, the Director traded Myriad Genetics, Inc. shares for $23.01 each. Upon closing the transaction, the insider’s holdings decreased to 8,638 shares, worth approximately $0.75 million.
Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid December. As of December 14, 2023, Guggenheim has initiated its “Buy” rating for MYGN. Earlier on December 13, 2023, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for MYGN stock.
Analyzing MYGN Stock Performance
During the last five days, there has been a drop of approximately -8.00%. Over the course of the year, Myriad Genetics, Inc. shares have dropped approximately -2.61%. Shares of the company reached a 52-week high of $23.75 on 02/28/24 and a 52-week low of $17.18 on 01/08/24. A 50-day SMA is recorded $21.68, while a 200-day SMA reached $19.30. Nevertheless, trading volume fell to 0.55 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Myriad Genetics, Inc. (MYGN)
According to the 24-hour chart, there is a support level at 18.39, which, if violated, would cause prices to drop to 18.14. In the upper region, resistance lies at 19.10. The next price resistance is at 19.56. RSI (Relative Strength Index) is 29.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.22, which suggests the price will decrease in the coming days. Percent R is at 95.58%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
