Myriad Genetics, Inc.’s filing revealed that its President and CEO DIAZ PAUL J unloaded Company’s shares for reported $1.88 million on May 15 ’24. In the deal valued at $25.07 per share,75,000 shares were sold. As a result of this transaction, DIAZ PAUL J now holds 1,066,166 shares worth roughly $23.83 million.
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Then, DIAZ PAUL J sold 95,000 shares, generating $2,394,798 in total proceeds. Upon selling the shares at $25.21, the President and CEO now owns 1,141,166 shares.
Before that, DIAZ PAUL J sold 57,844 shares. Myriad Genetics, Inc. shares valued at $1,453,550 were divested by the President and CEO at a price of $25.13 per share. As a result of the transaction, DIAZ PAUL J now holds 1,236,166 shares, worth roughly $27.63 million.
A number of analysts have revised their coverage, including Leerink Partners’s analysts, who increased its forecast for the stock in early May from “a Market perform” to “an Outperform”. Wells Fargo started covering the stock on December 19, 2023. It rated MYGN as “an Equal weight”.
Price Performance Review of MYGN
On Monday, Myriad Genetics, Inc. [NASDAQ:MYGN] saw its stock fall -1.80% to $22.35. Over the last five days, the stock has lost -3.50%. Myriad Genetics, Inc. shares have risen nearly 16.77% since the year began. Nevertheless, the stocks have fallen -3.25% over the past one year. While a 52-week high of $25.95 was reached on 05/10/24, a 52-week low of $13.82 was recorded on 01/08/24. SMA at 50 days reached $21.36, while 200 days put it at $19.44. A total of 0.94 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For MYGN Stock
The 24-hour chart illustrates a support level at 21.73, which if violated will result in even more drops to 21.11. On the upside, there is a resistance level at 23.00. A further resistance level may holdings at 23.65. The Relative Strength Index (RSI) on the 14-day chart is 47.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.83%. Stochastics %K at 12.78% indicates the stock is a buying.
The most recent change occurred on December 14, 2023 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $23 price target.
