Bio-Techne Corp’s recently made public that its Director HIGGINS JOHN L unloaded Company’s shares for reported $0.34 million on May 14 ’24. In the deal valued at $83.84 per share,4,000 shares were sold. As a result of this transaction, HIGGINS JOHN L now holds 36,608 shares worth roughly $2.61 million.
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Then, Nusse Roeland sold 10,400 shares, generating $800,627 in total proceeds. Upon selling the shares at $76.98, the Director now owns 43,097 shares.
Before that, Nusse Roeland sold 8,939 shares. Bio-Techne Corp shares valued at $717,959 were divested by the Director at a price of $80.32 per share. As a result of the transaction, Nusse Roeland now holds 51,872 shares, worth roughly $3.7 million.
Citigroup downgraded its Bio-Techne Corp [TECH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early February with a ‘”a Sector outperform”‘ rating. Stifel also remained covering TECH and has decreased its forecast on February 02, 2024 with a “Hold” recommendation from previously “Buy” rating. UBS started covering the stock on December 07, 2023. It rated TECH as “a Buy”.
Price Performance Review of TECH
On Tuesday, Bio-Techne Corp [NASDAQ:TECH] saw its stock fall -0.52% to $71.24. Over the last five days, the stock has lost -2.50%. Bio-Techne Corp shares have fallen nearly -7.67% since the year began. Nevertheless, the stocks have fallen -12.73% over the past one year. While a 52-week high of $89.91 was reached on 05/15/24, a 52-week low of $51.79 was recorded on 04/18/24. SMA at 50 days reached $75.56, while 200 days put it at $70.30. A total of 0.86 million shares were traded, compared to the trading of 1.41 million shares in the previous session.
Levels Of Support And Resistance For TECH Stock
The 24-hour chart illustrates a support level at 70.68, which if violated will result in even more drops to 70.13. On the upside, there is a resistance level at 72.07. A further resistance level may holdings at 72.91. The Relative Strength Index (RSI) on the 14-day chart is 31.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.93%. Stochastics%K at 10.19% indicates the stock is a buying.
The most recent change occurred on August 28, 2023 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.
