Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. DermTech Inc shares valued at $648 were sold by Sun Kevin M on Dec 11 ’23. At $1.45 per share, Sun Kevin M sold 447 shares. The insider’s holdings dropped to 277,499 shares worth approximately $0.1 million following the completion of this transaction.
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Also, Ibarra Claudia sold 331 shares, netting a total of over 480 in proceeds. Following the sale of shares at $1.45 each, the insider now holds 193,547 shares.
Before that, Ibarra Claudia had sold 2,607 shares from its account. In a trade valued at $3,676, the Chief Operating Officer traded DermTech Inc shares for $1.41 each. Upon closing the transaction, the insider’s holdings decreased to 2,607 shares, worth approximately $71734.86.
Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in mid June. As of January 07, 2022, Stephens has initiated its “an Overweight” rating for DMTK.
Analyzing DMTK Stock Performance
During the last five days, there has been a drop of approximately -35.90%. Over the course of the year, DermTech Inc shares have dropped approximately -79.08%. Shares of the company reached a 52-week high of $1.7799 on 01/02/24 and a 52-week low of $0.3100 on 05/22/24. A 50-day SMA is recorded $0.6159, while a 200-day SMA reached $1.2991. Nevertheless, trading volume fell to 1.12 million shares from 15.17 million shares the previous day.
Support And Resistance Levels for DermTech Inc (DMTK)
According to the 24-hour chart, there is a support level at 0.3460, which, if violated, would cause prices to drop to 0.3259. In the upper region, resistance lies at 0.3857. The next price resistance is at 0.4053. RSI (Relative Strength Index) is 27.23 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1581, which suggests the price will decrease in the coming days. Percent R is at 84.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
