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Recent Insider Activity Suggests Potential Gains for Repligen Corp. (RGEN)

In a filing, Repligen Corp. revealed its Senior VP, R&D KURIYEL RALF unloaded Company’s shares for reported $0.68 million on Mar 11 ’24. In the deal valued at $193.73 per share,3,517 shares were sold. As a result of this transaction, KURIYEL RALF now holds 24,260 shares worth roughly $4.18 million.

Then, Hunt Anthony sold 16,707 shares, generating $3,298,632 in total proceeds. Upon selling the shares at $197.44, the Chief Executive Officer now owns 185,249 shares.

Before that, DAWES KAREN A sold 1,000 shares. Repligen Corp. shares valued at $193,350 were divested by the Director at a price of $193.35 per share. As a result of the transaction, DAWES KAREN A now holds 87,367 shares, worth roughly $15.07 million.

The Benchmark Company downgraded its Repligen Corp. [RGEN] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. The Benchmark Company started covering the stock on March 28, 2023. It rated RGEN as “a Buy”.

Price Performance Review of RGEN

On Tuesday, Repligen Corp. [NASDAQ:RGEN] saw its stock jump 5.60% to $172.48. Over the last five days, the stock has gained 2.84%. Repligen Corp. shares have fallen nearly -4.07% since the year began. Nevertheless, the stocks have risen 13.49% over the past one year. While a 52-week high of $211.13 was reached on 02/16/24, a 52-week low of $110.45 was recorded on 05/01/24. SMA at 50 days reached $177.19, while 200 days put it at $170.68. A total of 0.55 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For RGEN Stock

The 24-hour chart illustrates a support level at 166.88, which if violated will result in even more drops to 161.27. On the upside, there is a resistance level at 175.72. A further resistance level may holdings at 178.95. The Relative Strength Index (RSI) on the 14-day chart is 53.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.04%. Stochastics %K at 71.94% indicates the stock is a holding.

The most recent change occurred on December 14, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $180 price target.

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