Neogen Corp.’s filing revealed that its Chief Operating Officer Jones Douglas Edward acquired Company’s shares for reported $0.12 million on Apr 17 ’24. In the deal valued at $12.36 per share,10,000 shares were bought. As a result of this transaction, Jones Douglas Edward now holds 46,131 shares worth roughly $0.78 million.
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Then, BOREL JAMES C bought 7,500 shares, generating $97,986 in total proceeds. Upon buying the shares at $13.06, the Director now owns 21,392 shares.
Before that, ADENT JOHN EDWARD bought 23,000 shares. Neogen Corp. shares valued at $284,190 were divested by the CEO at a price of $12.36 per share. As a result of the transaction, ADENT JOHN EDWARD now holds 152,389 shares, worth roughly $2.59 million.
Wells Fargo initiated its Neogen Corp. [NEOG] rating to an Overweight in a research note published on June 16, 2023; the price target was $22. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in late November from “a Mkt perform” to “an Outperform”. Piper Sandler began covering NEOG with “Neutral” recommendation on July 12, 2022. Guggenheim started covering the stock on May 23, 2019. It rated NEOG as “a Neutral”.
Price Performance Review of NEOG
On Friday, Neogen Corp. [NASDAQ:NEOG] saw its stock jump 0.12% to $17.01. Over the last five days, the stock has gained 5.59%. Neogen Corp. shares have fallen nearly -15.42% since the year began. Nevertheless, the stocks have fallen -12.32% over the past one year. While a 52-week high of $24.09 was reached on 01/02/24, a 52-week low of $11.46 was recorded on 04/22/24. SMA at 50 days reached $13.42, while 200 days put it at $16.33. A total of 2.03 million shares were traded, compared to the trading of 3.13 million shares in the previous session.
Levels Of Support And Resistance For NEOG Stock
The 24-hour chart illustrates a support level at 16.67, which if violated will result in even more drops to 16.33. On the upside, there is a resistance level at 17.25. A further resistance level may holdings at 17.50. The Relative Strength Index (RSI) on the 14-day chart is 80.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.45%. Stochastics %K at 93.39% indicates the stock is a selling.
