Fulgent Genetics Inc’s recently made public that its President and COO Xie Jian unloaded Company’s shares for reported $0.58 million on Dec 11 ’23. In the deal valued at $26.52 per share,22,000 shares were sold. As a result of this transaction, Xie Jian now holds 363,124 shares worth roughly $7.74 million.
Then, Xie Jian sold 1,779 shares, generating $49,053 in total proceeds. Upon selling the shares at $27.57, the President and COO now owns 385,124 shares.
Before that, Gao Hanlin sold 1,437 shares. Fulgent Genetics Inc shares valued at $39,623 were divested by the Chief Scientific Officer at a price of $27.57 per share. As a result of the transaction, Gao Hanlin now holds 905,882 shares, worth roughly $19.31 million.
UBS initiated its Fulgent Genetics Inc [FLGT] rating to a Neutral in a research note published on December 07, 2023; the price target was $35. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “a Neutral”. Raymond James began covering FLGT with “an Outperform” recommendation on November 18, 2022. Credit Suisse started covering the stock on August 25, 2022. It rated FLGT as “an Outperform”.
Price Performance Review of FLGT
On Tuesday, Fulgent Genetics Inc [NASDAQ:FLGT] saw its stock fall -0.79% to $21.32. Over the last five days, the stock has gained 4.77%. Fulgent Genetics Inc shares have fallen nearly -26.25% since the year began. Nevertheless, the stocks have fallen -37.16% over the past one year. While a 52-week high of $44.09 was reached on 01/02/24, a 52-week low of $19.88 was recorded on 04/18/24. SMA at 50 days reached $21.70, while 200 days put it at $26.89. A total of 0.2 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For FLGT Stock
The 24-hour chart illustrates a support level at 21.11, which if violated will result in even more drops to 20.89. On the upside, there is a resistance level at 21.66. A further resistance level may holdings at 21.99. The Relative Strength Index (RSI) on the 14-day chart is 52.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.57%. Stochastics %K at 67.70% indicates the stock is a holding.
