Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Hologic, Inc. shares valued at $1,241,296 were sold by GARRETT SCOTT T on Mar 14 ’24. At $75.50 per share, GARRETT SCOTT T sold 16,441 shares. The insider’s holdings dropped to 48,611 shares worth approximately $3.65 million following the completion of this transaction.
Also, CRAWFORD SALLY sold 9,039 shares, netting a total of over 690,607 in proceeds. Following the sale of shares at $76.40 each, the insider now holds 132,927 shares.
Before that, Dockendorff Charles J had sold 1,465 shares from its account. In a trade valued at $111,648, the Director traded Hologic, Inc. shares for $76.21 each. Upon closing the transaction, the insider’s holdings decreased to 1,465 shares, worth approximately $0.12 million.
As published in a research note from Citigroup on April 03, 2024, Hologic, Inc. [HOLX] has been rated up from a Neutral to a Buy and the price target has been revised to $95 from $80. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of December 07, 2022, RBC Capital Mkts has initiated its “Sector perform” rating for HOLX. Earlier on October 13, 2022, Mizuho initiated its rating. Their recommendation was “a Buy” for HOLX stock.
Analyzing HOLX Stock Performance
During the last five days, there has been a drop of approximately -3.45%. Over the course of the year, Hologic, Inc. shares have jumped approximately 5.11%. Shares of the company reached a 52-week high of $79.22 on 04/04/24 and a 52-week low of $70.53 on 01/02/24. A 50-day SMA is recorded $75.62, while a 200-day SMA reached $73.41. Nevertheless, trading volume fell to 1.58 million shares from 1.76 million shares the previous day.
Support And Resistance Levels for Hologic, Inc. (HOLX)
According to the 24-hour chart, there is a support level at 74.64, which, if violated, would cause prices to drop to 74.17. In the upper region, resistance lies at 75.46. The next price resistance is at 75.81. RSI (Relative Strength Index) is 43.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.83, which suggests the price will decrease in the coming days. Percent R is at 87.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
