Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Transmedics Group Inc shares valued at $1,141,080 were sold by Hassanein Waleed H on Apr 10 ’24. At $95.09 per share, Hassanein Waleed H sold 12,000 shares. The insider’s holdings dropped to 74,087 shares worth approximately $6.51 million following the completion of this transaction.
Also, Khayal Tamer I sold 15,512 shares, netting a total of over 1,403,082 in proceeds. Following the sale of shares at $90.45 each, the insider now holds 25,185 shares.
Before that, Khayal Tamer I had sold 4,388 shares from its account. In a trade valued at $394,920, the Chief Commercial Officer traded Transmedics Group Inc shares for $90.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,388 shares, worth approximately $2.21 million.
As published in their initiating research note from Piper Sandler on March 28, 2024, Transmedics Group Inc [TMDX] has been an Overweight and the price target has been revised to $95. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of August 02, 2022, JP Morgan has increased its “Neutral” rating to a “an Overweight” for TMDX. Earlier on October 08, 2020, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for TMDX stock which previously was a “an Overweight”.
Analyzing TMDX Stock Performance
During the last five days, there has been a drop of approximately -8.14%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 11.31%. Shares of the company reached a 52-week high of $97.78 on 04/10/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $83.23, while a 200-day SMA reached $72.42. Nevertheless, trading volume fell to 1.0 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 84.01, which, if violated, would cause prices to drop to 80.15. In the upper region, resistance lies at 93.71. The next price resistance is at 99.55. RSI (Relative Strength Index) is 55.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.63, which suggests the price will increase in the coming days. Percent R is at 36.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
