The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Zomedica Corp shares valued at $46,529 were purchased by Klass Russell Kevin on Jun 12 ’24. At $0.16 per share, Klass Russell Kevin acquired 299,993 shares. The insider’s holdings grew to 2,000,050 shares worth approximately $0.28 million following the completion of this transaction.
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Also, Klass Russell Kevin purchased 500,000 shares, netting a total of over 75,100 in proceeds. Following the buying of shares at $0.15 each, the insider now holds 1,700,057 shares.
Before that, Klass Russell Kevin had added 200,007 shares to its account. In a trade valued at $29,941, the Vice President of Sales bought Zomedica Corp shares for $0.15 each. Upon closing the transaction, the insider’s holdings increased to 200,007 shares, worth approximately $0.17 million.
As published in their initiating research note from Dawson James on January 06, 2023, Zomedica Corp [ZOM] has been a Buy and the price target has been revised to $6.
Analyzing ZOM Stock Performance
During the last five days, there has been a surge of approximately 2.19%. Over the course of the year, Zomedica Corp shares have dropped approximately -27.82%. Shares of the company reached a 52-week high of $0.2010 on 01/02/24 and a 52-week low of $0.1200 on 02/16/24. A 50-day SMA is recorded $0.1519, while a 200-day SMA reached $0.1565. Nevertheless, trading volume fell to 2.66 million shares from 4.57 million shares the previous day.
Support And Resistance Levels for Zomedica Corp (ZOM)
According to the 24-hour chart, there is a support level at 0.1415, which, if violated, would cause prices to drop to 0.1386. In the upper region, resistance lies at 0.1477. The next price resistance is at 0.1510. RSI (Relative Strength Index) is 43.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0058, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
