Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Organogenesis Holdings Inc shares valued at $76,875 were sold by ERANI ALBERT on Jan 10 ’24. At $4.28 per share, ERANI ALBERT sold 17,972 shares. The insider’s holdings dropped to 59,007,134 shares worth approximately $134.54 million following the completion of this transaction.
Also, ERANI ALBERT sold 17,972 shares, netting a total of over 76,875 in proceeds. Following the sale of shares at $4.28 each, the insider now holds 59,007,134 shares.
Before that, ERANI ALBERT had sold 197,921 shares from its account. In a trade valued at $863,985, the 10% Owner traded Organogenesis Holdings Inc shares for $4.37 each. Upon closing the transaction, the insider’s holdings decreased to 197,921 shares, worth approximately $134.58 million.
As published in their initiating research note from Cantor Fitzgerald on February 07, 2024, Organogenesis Holdings Inc [ORGO] has been an Overweight and the price target has been revised to $5. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in mid June. As of May 24, 2023, BTIG Research has increased its “Neutral” rating to a “Buy” for ORGO. Earlier on November 10, 2022, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for ORGO stock which previously was a “a Buy”.
Analyzing ORGO Stock Performance
During the last five days, there has been a drop of approximately -8.43%. Over the course of the year, Organogenesis Holdings Inc shares have dropped approximately -44.25%. Shares of the company reached a 52-week high of $4.70 on 01/08/24 and a 52-week low of $2.16 on 04/25/24. A 50-day SMA is recorded $2.76, while a 200-day SMA reached $3.01. Nevertheless, trading volume fell to 1.78 million shares from 3.4 million shares the previous day.
Support And Resistance Levels for Organogenesis Holdings Inc (ORGO)
According to the 24-hour chart, there is a support level at 2.21, which, if violated, would cause prices to drop to 2.14. In the upper region, resistance lies at 2.35. The next price resistance is at 2.42. RSI (Relative Strength Index) is 36.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 87.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
