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. Neogenomics Inc. shares valued at $97,579 were sold by TETRAULT LYNN A. on Mar 04 ’24. At $15.97 per share, TETRAULT LYNN A. sold 6,112 shares. The insider’s holdings dropped to 50,062 shares worth approximately $0.69 million following the completion of this transaction.
Also, Olivo Alicia C sold 2,587 shares, netting a total of over 38,713 in proceeds. Following the sale of shares at $14.96 each, the insider now holds 34,866 shares.
Before that, Olivo Alicia C had sold 2,669 shares from its account. In a trade valued at $49,083, the General Counsel traded Neogenomics Inc. shares for $18.39 each. Upon closing the transaction, the insider’s holdings decreased to 2,669 shares, worth approximately $0.51 million.
As published in a research note from BTIG Research on December 29, 2023, Neogenomics Inc. [NEO] has been retained to a Buy and the price target has been revised to $21. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in late August. As of May 16, 2023, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for NEO. Earlier on May 09, 2023, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for NEO stock which previously was a “a Neutral”.
Analyzing NEO Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, Neogenomics Inc. shares have dropped approximately -14.89%. Shares of the company reached a 52-week high of $17.49 on 02/23/24 and a 52-week low of $13.44 on 04/16/24. A 50-day SMA is recorded $15.10, while a 200-day SMA reached $15.48. Nevertheless, trading volume fell to 0.91 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Neogenomics Inc. (NEO)
According to the 24-hour chart, there is a support level at 13.56, which, if violated, would cause prices to drop to 13.36. In the upper region, resistance lies at 14.03. The next price resistance is at 14.30. RSI (Relative Strength Index) is 36.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.73, which suggests the price will decrease in the coming days. Percent R is at 86.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
