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Recent Insider Activity Suggests Potential Gains for Seer Inc (SEER)

Seer Inc’s recently made public that its CEO AND CHAIR Farokhzad Omid unloaded Company’s shares for reported $0.11 million on Mar 07 ’24. In the deal valued at $2.03 per share,52,857 shares were sold. As a result of this transaction, Farokhzad Omid now holds 1,436,285 shares worth roughly $3.1 million.

Then, Kogan Elona sold 12,684 shares, generating $20,024 in total proceeds. Upon selling the shares at $1.58, the CHIEF LEGAL OFFICER now owns 273,142 shares.

Before that, Horn David R. sold 12,684 shares. Seer Inc shares valued at $20,024 were divested by the PRESIDENT & CFO at a price of $1.58 per share. As a result of the transaction, Horn David R. now holds 480,511 shares, worth roughly $1.04 million.

A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underperform”. JP Morgan also remained covering SEER and has decreased its forecast on August 11, 2022 with a “Neutral” recommendation from previously “an Overweight” rating.

Price Performance Review of SEER

On Tuesday, Seer Inc [NASDAQ:SEER] saw its stock jump 8.54% to $2.16. Over the last five days, the stock has lost -2.26%. Seer Inc shares have risen nearly 11.34% since the year began. Nevertheless, the stocks have fallen -31.65% over the past one year. While a 52-week high of $5.65 was reached on 05/08/24, a 52-week low of $1.46 was recorded on 02/14/24. SMA at 50 days reached $1.9100, while 200 days put it at $2.0500. A total of 0.84 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For SEER Stock

The 24-hour chart illustrates a support level at 2.0200, which if violated will result in even more drops to 1.8700. On the upside, there is a resistance level at 2.2900. A further resistance level may holdings at 2.4100. The Relative Strength Index (RSI) on the 14-day chart is 60.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0300, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 23.53%. Stochastics %K at 59.39% indicates the stock is a holding.

The most recent change occurred on December 29, 2020 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $65 price target.

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