Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mimedx Group Inc shares valued at $162,029 were sold by Hulse William Frank IV on Mar 13 ’24. At $7.95 per share, Hulse William Frank IV sold 20,381 shares. The insider’s holdings dropped to 479,959 shares worth approximately $3.46 million following the completion of this transaction.
Also, Whitlow Ricci S sold 15,271 shares, netting a total of over 122,351 in proceeds. Following the sale of shares at $8.01 each, the insider now holds 401,050 shares.
Before that, Whitlow Ricci S had sold 15,493 shares from its account. In a trade valued at $125,075, the Chief Operating Officer traded Mimedx Group Inc shares for $8.07 each. Upon closing the transaction, the insider’s holdings decreased to 15,493 shares, worth approximately $3.0 million.
As published in their initiating research note from Lake Street on March 07, 2024, Mimedx Group Inc [MDXG] has been a Buy and the price target has been revised to $12. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of October 13, 2022, Mizuho has initiated its “Buy” rating for MDXG. Earlier on July 26, 2021, Northland Capital initiated its rating. Their recommendation was “an Outperform” for MDXG stock.
Analyzing MDXG Stock Performance
During the last five days, there has been a drop of approximately -1.50%. Over the course of the year, Mimedx Group Inc shares have dropped approximately -17.90%. Shares of the company reached a 52-week high of $9.04 on 02/29/24 and a 52-week low of $5.65 on 04/25/24. A 50-day SMA is recorded $7.29, while a 200-day SMA reached $7.52. Nevertheless, trading volume fell to 0.67 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Mimedx Group Inc (MDXG)
According to the 24-hour chart, there is a support level at 7.16, which, if violated, would cause prices to drop to 7.11. In the upper region, resistance lies at 7.28. The next price resistance is at 7.35. RSI (Relative Strength Index) is 55.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.47, which suggests the price will decrease in the coming days. Percent R is at 26.21%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Mimedx Group Inc (MDXG)?
On March 19, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $20.
