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. Idexx Laboratories, Inc. shares valued at $4,525,596 were sold by POLEWACZYK JAMES F on Mar 06 ’24. At $558.44 per share, POLEWACZYK JAMES F sold 8,104 shares. The insider’s holdings dropped to 10,711 shares worth approximately $5.12 million following the completion of this transaction.
Also, Vandebroek Sophie V. sold 1,404 shares, netting a total of over 790,427 in proceeds. Following the sale of shares at $562.98 each, the insider now holds 1,216 shares.
Before that, FENNELL GEORGE had sold 8,198 shares from its account. In a trade valued at $4,704,559, the SVP, Chief Revenue Officer traded Idexx Laboratories, Inc. shares for $573.87 each. Upon closing the transaction, the insider’s holdings decreased to 8,198 shares, worth approximately $3.21 million.
As published in a research note from Piper Sandler on January 30, 2024, Idexx Laboratories, Inc. [IDXX] has been rated down from an Overweight to a Neutral and the price target has been revised to $525. Analysts at Exane BNP Paribas started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. As of December 04, 2023, Cleveland Research has increased its “Neutral” rating to a “Buy” for IDXX. Earlier on August 02, 2023, Atlantic Equities downgraded its rating. Their new recommendation was “a Neutral” for IDXX stock which previously was a “an Overweight”.
Analyzing IDXX Stock Performance
During the last five days, there has been a drop of approximately -5.14%. Over the course of the year, Idexx Laboratories, Inc. shares have dropped approximately -13.84%. Shares of the company reached a 52-week high of $583.39 on 03/01/24 and a 52-week low of $477.63 on 04/17/24. A 50-day SMA is recorded $542.73, while a 200-day SMA reached $504.71. Nevertheless, trading volume fell to 0.53 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Idexx Laboratories, Inc. (IDXX)
According to the 24-hour chart, there is a support level at 473.75, which, if violated, would cause prices to drop to 469.26. In the upper region, resistance lies at 486.61. The next price resistance is at 494.98. RSI (Relative Strength Index) is 21.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -24.66, which suggests the price will decrease in the coming days. Percent R is at 99.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
