Myomo Inc’s filing revealed that its Director KIRK THOMAS F acquired Company’s shares for reported $0.17 million on May 29 ’24. In the deal valued at $3.50 per share,50,000 shares were bought. As a result of this transaction, KIRK THOMAS F now holds 236,499 shares worth roughly $0.66 million.
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Then, Kovelman Harry sold 35,426 shares, generating $130,839 in total proceeds. Upon selling the shares at $3.69, the Chief Medical Officer now owns 98,009 shares.
Before that, KIRK THOMAS F bought 50,000 shares. Myomo Inc shares valued at $175,000 were divested by the Director at a price of $3.50 per share. As a result of the transaction, KIRK THOMAS F now holds 186,499 shares, worth roughly $0.52 million.
Lake Street initiated its Myomo Inc [MYO] rating to a Buy in a research note published on May 20, 2024; the price target was $7. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. ROTH Capital also remained covering MYO and has increased its forecast on November 11, 2020 with a “Buy” recommendation from previously “Neutral” rating. Dougherty & Company started covering the stock on May 27, 2020. It rated MYO as “a Buy”.
Price Performance Review of MYO
On Tuesday, Myomo Inc [AMEX:MYO] saw its stock fall -8.77% to $2.81. Over the last five days, the stock has lost -7.57%. Myomo Inc shares have fallen nearly -43.91% since the year began. Nevertheless, the stocks have risen 442.05% over the past one year. While a 52-week high of $5.58 was reached on 01/02/24, a 52-week low of $0.50 was recorded on 04/16/24. SMA at 50 days reached $3.49, while 200 days put it at $3.11. A total of 0.34 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For MYO Stock
The 24-hour chart illustrates a support level at 2.72, which if violated will result in even more drops to 2.63. On the upside, there is a resistance level at 2.99. A further resistance level may holdings at 3.17. The Relative Strength Index (RSI) on the 14-day chart is 34.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics%K at 16.02% indicates the stock is a buying.
The most recent change occurred on October 02, 2017 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
