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Investing in Axogen Inc. (AXGN) Is Getting More Attractive

In a filing, Axogen Inc. revealed its CEO Zaderej Karen L. unloaded Company’s shares for reported $0.3 million on Mar 21 ’24. In the deal valued at $7.68 per share,39,280 shares were sold. As a result of this transaction, Zaderej Karen L. now holds 1,124,565 shares worth roughly $8.46 million.

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Then, Scopelianos Angelo sold 6,881 shares, generating $52,846 in total proceeds. Upon selling the shares at $7.68, the Chief R&D Officer now owns 52,999 shares.

Before that, Donovan Michael Patrick sold 6,033 shares. Axogen Inc. shares valued at $46,333 were divested by the VP Operations at a price of $7.68 per share. As a result of the transaction, Donovan Michael Patrick now holds 37,992 shares, worth roughly $0.29 million.

Raymond James initiated its Axogen Inc. [AXGN] rating to an Outperform in a research note published on July 01, 2024; the price target was $13. Canaccord Genuity also remained covering AXGN and has increased its forecast on May 09, 2022 with a “Buy” recommendation from previously “Hold” rating.

Price Performance Review of AXGN

On Tuesday, Axogen Inc. [NASDAQ:AXGN] saw its stock fall -2.46% to $7.52. Over the last five days, the stock has gained 3.30%. Axogen Inc. shares have risen nearly 10.10% since the year began. Nevertheless, the stocks have fallen -17.63% over the past one year. While a 52-week high of $10.83 was reached on 02/27/24, a 52-week low of $3.45 was recorded on 05/06/24. SMA at 50 days reached $6.69, while 200 days put it at $6.99. A total of 0.29 million shares were traded, compared to the trading of 0.49 million shares in the previous session.

Levels Of Support And Resistance For AXGN Stock

The 24-hour chart illustrates a support level at 7.24, which if violated will result in even more drops to 6.97. On the upside, there is a resistance level at 7.72. A further resistance level may holdings at 7.93. The Relative Strength Index (RSI) on the 14-day chart is 57.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.94%. Stochastics%K at 55.21% indicates the stock is a holding.

The most recent change occurred on October 23, 2020 when Guggenheim began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.

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