Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exact Sciences Corp. shares valued at $73,393 were sold by Baranick Brian on Apr 02 ’24. At $79.43 per share, Baranick Brian sold 924 shares. The insider’s holdings dropped to 13,171 shares worth approximately $0.84 million following the completion of this transaction.
Also, Condella Sarah sold 2,000 shares, netting a total of over 140,000 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 71,787 shares.
Before that, Condella Sarah had sold 2,000 shares from its account. In a trade valued at $140,000, the EVP, Human Resources traded Exact Sciences Corp. shares for $70.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $4.68 million.
As published in a research note from The Benchmark Company on January 02, 2024, Exact Sciences Corp. [EXAS] has been rated up from a Hold to a Buy and the price target has been revised to $91. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 13, 2023, Wolfe Research has initiated its “an Outperform” rating for EXAS. Earlier on October 10, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for EXAS stock which previously was a “a Neutral”.
Analyzing EXAS Stock Performance
During the last five days, there has been a drop of approximately -12.98%. Over the course of the year, Exact Sciences Corp. shares have dropped approximately -14.19%. Shares of the company reached a 52-week high of $79.62 on 04/02/24 and a 52-week low of $56.05 on 02/28/24. A 50-day SMA is recorded $63.25, while a 200-day SMA reached $71.08. Nevertheless, trading volume fell to 1.6 million shares from 3.47 million shares the previous day.
Support And Resistance Levels for Exact Sciences Corp. (EXAS)
According to the 24-hour chart, there is a support level at 61.87, which, if violated, would cause prices to drop to 60.25. In the upper region, resistance lies at 65.01. The next price resistance is at 66.53. RSI (Relative Strength Index) is 42.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.25, which suggests the price will decrease in the coming days. Percent R is at 90.47%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
