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A company insider recently sold 8,625 shares of Transmedics Group Inc [TMDX]. Should You also Consider to Sale?

Transmedics Group Inc’s recently made public that its President & CEO Hassanein Waleed H unloaded Company’s shares for reported $1.22 million on Jun 14 ’24. In the deal valued at $141.85 per share,8,625 shares were sold. As a result of this transaction, Hassanein Waleed H now holds 61,643 shares worth roughly $8.57 million.

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Then, Basile Edward M sold 1,193 shares, generating $164,729 in total proceeds. Upon selling the shares at $138.08, the Director now owns 732 shares.

Before that, Khayal Tamer I sold 2,960 shares. Transmedics Group Inc shares valued at $393,986 were divested by the Chief Commercial Officer at a price of $133.10 per share. As a result of the transaction, Khayal Tamer I now holds 20,843 shares, worth roughly $2.9 million.

Cantor Fitzgerald initiated its Transmedics Group Inc [TMDX] rating to an Overweight in a research note published on June 06, 2024; the price target was $161. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. Piper Sandler began covering TMDX with “an Overweight” recommendation on March 28, 2024. Robert W. Baird started covering the stock on July 19, 2023. It rated TMDX as “an Outperform”.

Price Performance Review of TMDX

On Friday, Transmedics Group Inc [NASDAQ:TMDX] saw its stock fall -3.44% to $139.04. Over the last five days, the stock has lost -3.04%. Transmedics Group Inc shares have risen nearly 76.16% since the year began. Nevertheless, the stocks have risen 71.17% over the past one year. While a 52-week high of $149.10 was reached on 06/17/24, a 52-week low of $36.42 was recorded on 03/25/24. SMA at 50 days reached $123.29, while 200 days put it at $83.51. A total of 1.13 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For TMDX Stock

The 24-hour chart illustrates a support level at 135.78, which if violated will result in even more drops to 132.51. On the upside, there is a resistance level at 143.04. A further resistance level may holdings at 147.03. The Relative Strength Index (RSI) on the 14-day chart is 54.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.17%. Stochastics %K at 70.19% indicates the stock is a holding.

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