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. Guardant Health Inc shares valued at $38,963 were purchased by Kalia Kumud on Mar 18 ’24. At $17.82 per share, Kalia Kumud acquired 2,187 shares. The insider’s holdings grew to 12,722 shares worth approximately $0.23 million following the completion of this transaction.
Also, Joyce Meghan V. sold 100 shares, netting a total of over 1,905 in proceeds. Following the sale of shares at $19.05 each, the insider now holds 4,521 shares.
Before that, Joyce Meghan V. had sold 100 shares from its account. In a trade valued at $2,634, the Director traded Guardant Health Inc shares for $26.34 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $80038.20000000001.
Analysts at Guggenheim started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of December 13, 2023, Wolfe Research has initiated its “Peer perform” rating for GH. Earlier on November 13, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for GH stock which previously was a “a Mkt perform”.
Analyzing GH Stock Performance
During the last five days, there has been a surge of approximately 10.43%. Over the course of the year, Guardant Health Inc shares have dropped approximately -33.09%. Shares of the company reached a 52-week high of $27.61 on 01/09/24 and a 52-week low of $15.81 on 04/19/24. A 50-day SMA is recorded $18.95, while a 200-day SMA reached $26.59. Nevertheless, trading volume fell to 1.6 million shares from 1.79 million shares the previous day.
Support And Resistance Levels for Guardant Health Inc (GH)
According to the 24-hour chart, there is a support level at 17.59, which, if violated, would cause prices to drop to 17.08. In the upper region, resistance lies at 18.36. The next price resistance is at 18.62. RSI (Relative Strength Index) is 49.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 43.46%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
