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Pulmonx Corp [LUNG] Insider Activity: An Update for Investors

Pulmonx Corp’s recent filing unveils that its CHIEF COMMERCIAL OFFICER Rose Geoffrey Beran unloaded Company’s shares for reported $8868.0 on Apr 22 ’24. In the deal valued at $7.49 per share,1,184 shares were sold. As a result of this transaction, Rose Geoffrey Beran now holds 306,684 shares worth roughly $2.33 million.

Then, Rose Geoffrey Beran sold 1,184 shares, generating $11,082 in total proceeds. Upon selling the shares at $9.36, the CHIEF COMMERCIAL OFFICER now owns 307,868 shares.

Before that, French Glendon E. III sold 6,954 shares. Pulmonx Corp shares valued at $63,003 were divested by the PRESIDENT AND CEO at a price of $9.06 per share. As a result of the transaction, French Glendon E. III now holds 1,116,758 shares, worth roughly $8.5 million.

Wells Fargo downgraded its Pulmonx Corp [LUNG] rating to an Equal weight from a an Overweight in a research note published on February 23, 2024; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Wells Fargo also remained covering LUNG and has increased its forecast on February 27, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on January 03, 2023. It rated LUNG as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of LUNG

On Tuesday, Pulmonx Corp [NASDAQ:LUNG] saw its stock jump 1.47% to $7.61. Over the last five days, the stock has gained 1.47%. Pulmonx Corp shares have fallen nearly -40.31% since the year began. Nevertheless, the stocks have fallen -35.23% over the past one year. While a 52-week high of $14.84 was reached on 02/15/24, a 52-week low of $7.11 was recorded on 04/25/24. SMA at 50 days reached $8.89, while 200 days put it at $10.78. A total of 0.5 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For LUNG Stock

The 24-hour chart illustrates a support level at 7.38, which if violated will result in even more drops to 7.15. On the upside, there is a resistance level at 7.75. A further resistance level may holdings at 7.89. The Relative Strength Index (RSI) on the 14-day chart is 39.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.24%. Stochastics %K at 26.08% indicates the stock is a holding.

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