Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axogen Inc. shares valued at $301,670 were sold by Zaderej Karen L. on Mar 21 ’24. At $7.68 per share, Zaderej Karen L. sold 39,280 shares. The insider’s holdings dropped to 1,124,565 shares worth approximately $6.87 million following the completion of this transaction.
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Also, Scopelianos Angelo sold 6,881 shares, netting a total of over 52,846 in proceeds. Following the sale of shares at $7.68 each, the insider now holds 52,999 shares.
Before that, Donovan Michael Patrick had sold 6,033 shares from its account. In a trade valued at $46,333, the VP Operations traded Axogen Inc. shares for $7.68 each. Upon closing the transaction, the insider’s holdings decreased to 6,033 shares, worth approximately $0.23 million.
Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. Earlier on October 23, 2020, Guggenheim initiated its rating. Their recommendation was “a Buy” for AXGN stock.
Analyzing AXGN Stock Performance
During the last five days, there has been a surge of approximately 2.35%. Over the course of the year, Axogen Inc. shares have dropped approximately -10.54%. Shares of the company reached a 52-week high of $10.83 on 02/27/24 and a 52-week low of $5.55 on 05/06/24. A 50-day SMA is recorded $6.88, while a 200-day SMA reached $6.85. Nevertheless, trading volume fell to 0.52 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Axogen Inc. (AXGN)
According to the 24-hour chart, there is a support level at 6.02, which, if violated, would cause prices to drop to 5.92. In the upper region, resistance lies at 6.21. The next price resistance is at 6.30. RSI (Relative Strength Index) is 43.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 27.27%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
