Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. G1 Therapeutics Inc shares valued at $24,864 were sold by Thomas Monica R. on May 23 ’24. At $4.27 per share, Thomas Monica R. sold 5,826 shares. The insider’s holdings dropped to 109,825 shares worth approximately $0.33 million following the completion of this transaction.
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Also, Bailey John E. (Jack) Jr. sold 37,258 shares, netting a total of over 178,421 in proceeds. Following the sale of shares at $4.79 each, the insider now holds 452,336 shares.
Before that, MURDOCK TERRY L had sold 8,151 shares from its account. In a trade valued at $39,034, the Chief Operating Officer traded G1 Therapeutics Inc shares for $4.79 each. Upon closing the transaction, the insider’s holdings decreased to 8,151 shares, worth approximately $0.28 million.
As published in a research note from JP Morgan on January 30, 2023, G1 Therapeutics Inc [GTHX] has been rated up from an Underweight to a Neutral and the price target has been revised to $10 from $7. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early January. As of November 04, 2021, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for GTHX.
Analyzing GTHX Stock Performance
During the last five days, there has been a drop of approximately -10.27%. Over the course of the year, G1 Therapeutics Inc shares have dropped approximately -2.62%. Shares of the company reached a 52-week high of $6.14 on 05/09/24 and a 52-week low of $2.01 on 02/13/24. A 50-day SMA is recorded $4.21, while a 200-day SMA reached $2.88. Nevertheless, trading volume fell to 1.45 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for G1 Therapeutics Inc (GTHX)
According to the 24-hour chart, there is a support level at 2.85, which, if violated, would cause prices to drop to 2.74. In the upper region, resistance lies at 3.17. The next price resistance is at 3.38. RSI (Relative Strength Index) is 24.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.60, which suggests the price will decrease in the coming days. Percent R is at 98.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
