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Understanding the Risks of Investing in Guardant Health Inc (GH)

In a filing, Guardant Health Inc revealed its Director Joyce Meghan V. unloaded Company’s shares for reported $2787.0 on Jun 04 ’24. In the deal valued at $27.87 per share,100 shares were sold. As a result of this transaction, Joyce Meghan V. now holds 4,621 shares worth roughly $0.14 million.

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Then, Kalia Kumud bought 2,187 shares, generating $38,963 in total proceeds. Upon buying the shares at $17.82, the Chief Information Officer now owns 12,722 shares.

Before that, Joyce Meghan V. sold 100 shares. Guardant Health Inc shares valued at $1,905 were divested by the Director at a price of $19.05 per share. As a result of the transaction, Joyce Meghan V. now holds 4,521 shares, worth roughly $0.14 million.

Guggenheim began covering GH with “Neutral” recommendation on December 14, 2023. Wolfe Research started covering the stock on December 13, 2023. It rated GH as “a Peer perform”.

Price Performance Review of GH

On Friday, Guardant Health Inc [NASDAQ:GH] saw its stock fall -4.13% to $30.21. Over the last five days, the stock has gained 5.37%. Guardant Health Inc shares have risen nearly 11.68% since the year began. Nevertheless, the stocks have fallen -19.76% over the past one year. While a 52-week high of $41.06 was reached on 06/12/24, a 52-week low of $15.81 was recorded on 04/19/24. SMA at 50 days reached $22.35, while 200 days put it at $24.32. A total of 1.45 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For GH Stock

The 24-hour chart illustrates a support level at 29.36, which if violated will result in even more drops to 28.51. On the upside, there is a resistance level at 31.25. A further resistance level may holdings at 32.29. The Relative Strength Index (RSI) on the 14-day chart is 63.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.03%. Stochastics %K at 85.50% indicates the stock is a selling.

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