Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GoodRx Holdings Inc shares valued at $124,806 were purchased by Wagner Scott on Nov 30 ’23. At $5.76 per share, Wagner Scott acquired 21,652 shares. The insider’s holdings grew to 182,900 shares worth approximately $1.32 million following the completion of this transaction.
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Also, Wagner Scott purchased 26,348 shares, netting a total of over 155,482 in proceeds. Following the buying of shares at $5.90 each, the insider now holds 161,248 shares.
Before that, Wagner Scott had added 4,157 shares to its account. In a trade valued at $24,940, the insider bought GoodRx Holdings Inc shares for $6.00 each. Upon closing the transaction, the insider’s holdings increased to 4,157 shares, worth approximately $0.97 million.
As published in a research note from Raymond James on May 16, 2024, GoodRx Holdings Inc [GDRX] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $10. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in early April. As of March 25, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for GDRX. Earlier on March 01, 2024, JP Morgan upgraded its rating. Their new recommendation was “an Overweight” for GDRX stock which previously was a “a Neutral”.
Analyzing GDRX Stock Performance
During the last five days, there has been a drop of approximately -0.96%. Over the course of the year, GoodRx Holdings Inc shares have jumped approximately 7.46%. Shares of the company reached a 52-week high of $8.52 on 03/01/24 and a 52-week low of $5.27 on 01/04/24. A 50-day SMA is recorded $6.96, while a 200-day SMA reached $6.34. Nevertheless, trading volume fell to 1.05 million shares from 1.16 million shares the previous day.
Support And Resistance Levels for GoodRx Holdings Inc (GDRX)
According to the 24-hour chart, there is a support level at 7.09, which, if violated, would cause prices to drop to 6.98. In the upper region, resistance lies at 7.26. The next price resistance is at 7.32. RSI (Relative Strength Index) is 51.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 66.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
