Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Transmedics Group Inc shares valued at $380,480 were sold by Hassanein Waleed H on Apr 17 ’24. At $95.12 per share, Hassanein Waleed H sold 4,000 shares. The insider’s holdings dropped to 74,087 shares worth approximately $8.71 million following the completion of this transaction.
Also, Hassanein Waleed H sold 12,000 shares, netting a total of over 1,141,080 in proceeds. Following the sale of shares at $95.09 each, the insider now holds 74,087 shares.
Before that, Khayal Tamer I had sold 15,512 shares from its account. In a trade valued at $1,403,082, the Chief Commercial Officer traded Transmedics Group Inc shares for $90.45 each. Upon closing the transaction, the insider’s holdings decreased to 15,512 shares, worth approximately $2.96 million.
As published in their initiating research note from Piper Sandler on March 28, 2024, Transmedics Group Inc [TMDX] has been an Overweight and the price target has been revised to $95. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid July. As of August 02, 2022, JP Morgan has increased its “Neutral” rating to a “an Overweight” for TMDX. Earlier on October 08, 2020, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for TMDX stock which previously was a “an Overweight”.
Analyzing TMDX Stock Performance
During the last five days, there has been a surge of approximately 32.31%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 48.99%. Shares of the company reached a 52-week high of $124.18 on 05/01/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $84.11, while a 200-day SMA reached $72.73. Nevertheless, trading volume fell to 4.94 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 107.31, which, if violated, would cause prices to drop to 97.03. In the upper region, resistance lies at 126.03. The next price resistance is at 134.47. RSI (Relative Strength Index) is 76.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 10.67, which suggests the price will increase in the coming days. Percent R is at 15.93%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
