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Repligen Corp. [NASDAQ: RGEN] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Repligen Corp. shares valued at $248,160 were purchased by Hunt Anthony on Jun 14 ’24. At $124.08 per share, Hunt Anthony acquired 2,000 shares. The insider’s holdings grew to 165,177 shares worth approximately $19.82 million following the completion of this transaction.

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Also, Madaus Martin D purchased 1,615 shares, netting a total of over 201,776 in proceeds. Following the buying of shares at $124.94 each, the insider now holds 4,613 shares.

Before that, BARTHELEMY NICOLAS had added 1,200 shares to its account. In a trade valued at $150,540, the Director bought Repligen Corp. shares for $125.45 each. Upon closing the transaction, the insider’s holdings increased to 1,200 shares, worth approximately $0.56 million.

As published in their initiating research note from Guggenheim on June 18, 2024, Repligen Corp. [RGEN] has been a Neutral. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early December. As of July 20, 2023, Wells Fargo has initiated its “an Overweight” rating for RGEN.

Analyzing RGEN Stock Performance

During the last five days, there has been a drop of approximately -16.01%. Over the course of the year, Repligen Corp. shares have dropped approximately -33.26%. Shares of the company reached a 52-week high of $211.13 on 02/16/24 and a 52-week low of $113.50 on 06/20/24. A 50-day SMA is recorded $157.63, while a 200-day SMA reached $168.21. Nevertheless, trading volume fell to 1.75 million shares from 1.03 million shares the previous day.

Support And Resistance Levels for Repligen Corp. (RGEN)

According to the 24-hour chart, there is a support level at 115.21, which, if violated, would cause prices to drop to 110.41. In the upper region, resistance lies at 123.09. The next price resistance is at 126.18. RSI (Relative Strength Index) is 18.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.83, which suggests the price will decrease in the coming days. Percent R is at 83.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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