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Deutsche Bank gives a Buy recommendation for Repligen Corp. (RGEN)

Repligen Corp.’s filing revealed that its Chief Executive Officer Hunt Anthony acquired Company’s shares for reported $0.25 million on Jun 14 ’24. In the deal valued at $124.08 per share,2,000 shares were bought. As a result of this transaction, Hunt Anthony now holds 165,177 shares worth roughly $19.84 million.

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Then, Madaus Martin D bought 1,615 shares, generating $201,776 in total proceeds. Upon buying the shares at $124.94, the Director now owns 4,613 shares.

Before that, BARTHELEMY NICOLAS bought 1,200 shares. Repligen Corp. shares valued at $150,540 were divested by the Director at a price of $125.45 per share. As a result of the transaction, BARTHELEMY NICOLAS now holds 4,668 shares, worth roughly $0.56 million.

Deutsche Bank upgraded its Repligen Corp. [RGEN] rating to a Buy from a a Hold in a research note published on June 26, 2024; the price target was decreased to $155 from $180. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid June with a ‘”a Neutral”‘ rating. The Benchmark Company also remained covering RGEN and has decreased its forecast on December 04, 2023 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on July 20, 2023. It rated RGEN as “an Overweight”.

Price Performance Review of RGEN

On Tuesday, Repligen Corp. [NASDAQ:RGEN] saw its stock fall -2.58% to $120.14. Over the last five days, the stock has lost -2.44%. Repligen Corp. shares have fallen nearly -33.18% since the year began. Nevertheless, the stocks have fallen -15.07% over the past one year. While a 52-week high of $211.13 was reached on 02/16/24, a 52-week low of $110.45 was recorded on 06/20/24. SMA at 50 days reached $150.95, while 200 days put it at $166.62. A total of 0.53 million shares were traded, compared to the trading of 1.17 million shares in the previous session.

Levels Of Support And Resistance For RGEN Stock

The 24-hour chart illustrates a support level at 118.49, which if violated will result in even more drops to 116.84. On the upside, there is a resistance level at 123.35. A further resistance level may holdings at 126.56. The Relative Strength Index (RSI) on the 14-day chart is 27.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.54%. Stochastics%K at 31.13% indicates the stock is a holding.

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