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Recent Insider Activity Could Benefit G1 Therapeutics Inc (GTHX)

G1 Therapeutics Inc’s recently made public that its Chief Legal & People Officer Thomas Monica R. unloaded Company’s shares for reported $24864.0 on May 23 ’24. In the deal valued at $4.27 per share,5,826 shares were sold. As a result of this transaction, Thomas Monica R. now holds 109,825 shares worth roughly $0.31 million.

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Then, Bailey John E. (Jack) Jr. sold 37,258 shares, generating $178,421 in total proceeds. Upon selling the shares at $4.79, the President and CEO now owns 452,336 shares.

Before that, MURDOCK TERRY L sold 8,151 shares. G1 Therapeutics Inc shares valued at $39,034 were divested by the Chief Operating Officer at a price of $4.79 per share. As a result of the transaction, MURDOCK TERRY L now holds 95,487 shares, worth roughly $0.27 million.

JP Morgan upgraded its G1 Therapeutics Inc [GTHX] rating to a Neutral from a an Underweight in a research note published on January 30, 2023; the price target was increased to $10 from $7. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early January has reiterated a ‘”a Buy”‘ rating for it. JP Morgan also remained covering GTHX and has decreased its forecast on November 04, 2021 with a “an Underweight” recommendation from previously “Neutral” rating.

Price Performance Review of GTHX

On Friday, G1 Therapeutics Inc [NASDAQ:GTHX] saw its stock fall -7.02% to $2.78. Over the last five days, the stock has lost -7.64%. G1 Therapeutics Inc shares have fallen nearly -8.85% since the year began. Nevertheless, the stocks have risen 0.36% over the past one year. While a 52-week high of $6.14 was reached on 05/09/24, a 52-week low of $1.08 was recorded on 02/13/24. SMA at 50 days reached $4.02, while 200 days put it at $2.92. A total of 0.64 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For GTHX Stock

The 24-hour chart illustrates a support level at 2.68, which if violated will result in even more drops to 2.58. On the upside, there is a resistance level at 2.95. A further resistance level may holdings at 3.11. The Relative Strength Index (RSI) on the 14-day chart is 26.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.61%. Stochastics %K at 5.42% indicates the stock is a buying.

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