Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pulmonx Corp shares valued at $11,082 were sold by Rose Geoffrey Beran on Mar 22 ’24. At $9.36 per share, Rose Geoffrey Beran sold 1,184 shares. The insider’s holdings dropped to 307,868 shares worth approximately $2.31 million following the completion of this transaction.
Also, French Glendon E. III sold 6,954 shares, netting a total of over 63,003 in proceeds. Following the sale of shares at $9.06 each, the insider now holds 1,116,758 shares.
Before that, Lehman David Aaron had sold 4,351 shares from its account. In a trade valued at $39,420, the GENERAL COUNSEL traded Pulmonx Corp shares for $9.06 each. Upon closing the transaction, the insider’s holdings decreased to 4,351 shares, worth approximately $1.09 million.
As published in a research note from Wells Fargo on February 23, 2024, Pulmonx Corp [LUNG] has been rated down from an Overweight to an Equal weight and the price target has been revised to $14 from $16. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of February 27, 2023, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for LUNG. Earlier on January 03, 2023, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for LUNG stock which previously was a “a Neutral”.
Analyzing LUNG Stock Performance
During the last five days, there has been a drop of approximately -10.18%. Over the course of the year, Pulmonx Corp shares have dropped approximately -41.18%. Shares of the company reached a 52-week high of $14.84 on 02/15/24 and a 52-week low of $7.21 on 04/18/24. A 50-day SMA is recorded $10.01, while a 200-day SMA reached $11.01. Nevertheless, trading volume fell to 0.54 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Pulmonx Corp (LUNG)
According to the 24-hour chart, there is a support level at 7.30, which, if violated, would cause prices to drop to 7.11. In the upper region, resistance lies at 7.60. The next price resistance is at 7.71. RSI (Relative Strength Index) is 30.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.63, which suggests the price will decrease in the coming days. Percent R is at 86.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
