Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Guardant Health Inc shares valued at $38,963 were purchased by Kalia Kumud on Mar 18 ’24. At $17.82 per share, Kalia Kumud acquired 2,187 shares. The insider’s holdings grew to 12,722 shares worth approximately $0.21 million following the completion of this transaction.
Also, Joyce Meghan V. sold 100 shares, netting a total of over 1,905 in proceeds. Following the sale of shares at $19.05 each, the insider now holds 4,521 shares.
Before that, Joyce Meghan V. had sold 100 shares from its account. In a trade valued at $2,634, the Director traded Guardant Health Inc shares for $26.34 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $72476.58.
As published in their initiating research note from Guggenheim on December 14, 2023, Guardant Health Inc [GH] has been a Neutral. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid December. As of November 13, 2023, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for GH. Earlier on September 28, 2023, Bernstein initiated its rating. Their recommendation was “an Outperform” for GH stock.
Analyzing GH Stock Performance
During the last five days, there has been a drop of approximately -14.23%. Over the course of the year, Guardant Health Inc shares have dropped approximately -39.41%. Shares of the company reached a 52-week high of $27.61 on 01/09/24 and a 52-week low of $15.89 on 04/17/24. A 50-day SMA is recorded $19.49, while a 200-day SMA reached $27.08. Nevertheless, trading volume fell to 1.5 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Guardant Health Inc (GH)
According to the 24-hour chart, there is a support level at 15.89, which, if violated, would cause prices to drop to 15.40. In the upper region, resistance lies at 16.88. The next price resistance is at 17.38. RSI (Relative Strength Index) is 37.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.08, which suggests the price will decrease in the coming days. Percent R is at 92.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
