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Examining the Potential Price Growth of Inogen Inc (INGN)

Inogen Inc’s filing revealed that its EVP, Gen. Counsel & Secretary Somer Jason unloaded Company’s shares for reported $85600.0 on May 10 ’24. In the deal valued at $8.56 per share,10,000 shares were sold. As a result of this transaction, Somer Jason now holds 4,452 shares worth roughly $39711.84.

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William Blair upgraded its Inogen Inc [INGN] rating to an Outperform from a a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early August from “an Overweight” to “a Neutral”. Needham also remained covering INGN and has decreased its forecast on July 14, 2023 with a “Hold” recommendation from previously “Buy” rating. William Blair revised its rating on January 17, 2023. It rated INGN as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of INGN

On Tuesday, Inogen Inc [NASDAQ:INGN] saw its stock jump 1.19% to $8.92. Over the last five days, the stock has gained 22.19%. Inogen Inc shares have risen nearly 62.48% since the year began. Nevertheless, the stocks have fallen -17.79% over the past one year. While a 52-week high of $11.98 was reached on 02/15/24, a 52-week low of $4.13 was recorded on 01/19/24. SMA at 50 days reached $7.24, while 200 days put it at $6.34. A total of 0.34 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For INGN Stock

The 24-hour chart illustrates a support level at 8.66, which if violated will result in even more drops to 8.40. On the upside, there is a resistance level at 9.19. A further resistance level may holdings at 9.46. The Relative Strength Index (RSI) on the 14-day chart is 69.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.07%. Stochastics %K at 87.52% indicates the stock is a selling.

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