Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Seer Inc shares valued at $21,512 were sold by Nishar Dipchand on Jun 14 ’24. At $1.78 per share, Nishar Dipchand sold 12,109 shares. The insider’s holdings dropped to 79,457 shares worth approximately $0.13 million following the completion of this transaction.
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Also, Farokhzad Omid sold 52,857 shares, netting a total of over 107,421 in proceeds. Following the sale of shares at $2.03 each, the insider now holds 1,436,285 shares.
Before that, Kogan Elona had sold 12,684 shares from its account. In a trade valued at $20,024, the CHIEF LEGAL OFFICER traded Seer Inc shares for $1.58 each. Upon closing the transaction, the insider’s holdings decreased to 12,684 shares, worth approximately $0.45 million.
Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early January. As of August 11, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for SEER.
Analyzing SEER Stock Performance
During the last five days, there has been a drop of approximately -11.76%. Over the course of the year, Seer Inc shares have dropped approximately -14.95%. Shares of the company reached a 52-week high of $2.3000 on 05/08/24 and a 52-week low of $1.5100 on 02/14/24. A 50-day SMA is recorded $1.9005, while a 200-day SMA reached $1.8756. Nevertheless, trading volume fell to 0.51 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for Seer Inc (SEER)
According to the 24-hour chart, there is a support level at 1.6233, which, if violated, would cause prices to drop to 1.5967. In the upper region, resistance lies at 1.6733. The next price resistance is at 1.6967. RSI (Relative Strength Index) is 32.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0914, which suggests the price will decrease in the coming days. Percent R is at 89.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
