KD Logo

Understanding the Risks of Investing in Generation Bio Co (GBIO)

Generation Bio Co’s recently made public that its CHIEF STRATEGY OFFICER Samayoa Phillip unloaded Company’s shares for reported $3961.0 on Jan 02 ’24. In the deal valued at $1.62 per share,2,445 shares were sold. As a result of this transaction, Samayoa Phillip now holds 107,256 shares worth roughly $0.35 million.

Then, Paone Antoinette sold 2,445 shares, generating $3,961 in total proceeds. Upon selling the shares at $1.62, the CHIEF OPERATING OFFICER now owns 5,828 shares.

Before that, Appelhans Dannielle bought 7,363 shares. Generation Bio Co shares valued at $13,180 were divested by the Director at a price of $1.79 per share. As a result of the transaction, Appelhans Dannielle now holds 7,363 shares, worth roughly $24003.379999999997.

TD Cowen downgraded its Generation Bio Co [GBIO] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early November with a ‘”a Buy”‘ rating. William Blair also remained covering GBIO and has decreased its forecast on December 14, 2021 with a “Mkt perform” recommendation from previously “an Outperform” rating. JMP Securities started covering the stock on June 08, 2021. It rated GBIO as “a Mkt outperform”.

Price Performance Review of GBIO

On Tuesday, Generation Bio Co [NASDAQ:GBIO] saw its stock jump 16.01% to $3.26. Over the last five days, the stock has gained 4.15%. Generation Bio Co shares have risen nearly 97.58% since the year began. Nevertheless, the stocks have fallen -28.19% over the past one year. While a 52-week high of $6.98 was reached on 04/01/24, a 52-week low of $0.86 was recorded on 01/02/24. SMA at 50 days reached $3.05, while 200 days put it at $2.96. A total of 0.21 million shares were traded, compared to the trading of 0.15 million shares in the previous session.

Levels Of Support And Resistance For GBIO Stock

The 24-hour chart illustrates a support level at 2.92, which if violated will result in even more drops to 2.59. On the upside, there is a resistance level at 3.50. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 48.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.23%. Stochastics %K at 14.10% indicates the stock is a buying.

The most recent change occurred on February 24, 2021 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.

Most Popular

[the_ad id="945"]