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Neogenomics Inc. (NEO) may enjoy gains as insiders got busy in the recent days

Neogenomics Inc.’s recent filing unveils that its General Counsel Olivo Alicia C unloaded Company’s shares for reported $16511.0 on May 15 ’24. In the deal valued at $15.74 per share,1,049 shares were sold. As a result of this transaction, Olivo Alicia C now holds 44,867 shares worth roughly $0.62 million.

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Then, TETRAULT LYNN A. sold 6,112 shares, generating $97,579 in total proceeds. Upon selling the shares at $15.97, the Director now owns 50,062 shares.

Before that, Olivo Alicia C sold 2,587 shares. Neogenomics Inc. shares valued at $38,713 were divested by the General Counsel at a price of $14.96 per share. As a result of the transaction, Olivo Alicia C now holds 34,866 shares, worth roughly $0.48 million.

A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Stephens also remained covering NEO and has increased its forecast on August 21, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James revised its rating on May 16, 2023. It rated NEO as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of NEO

On Tuesday, Neogenomics Inc. [NASDAQ:NEO] saw its stock fall -1.44% to $13.73. Over the last five days, the stock has gained 4.97%. Neogenomics Inc. shares have fallen nearly -15.14% since the year began. Nevertheless, the stocks have fallen -14.56% over the past one year. While a 52-week high of $21.22 was reached on 02/23/24, a 52-week low of $11.03 was recorded on 06/10/24. SMA at 50 days reached $14.09, while 200 days put it at $15.16. A total of 0.58 million shares were traded, compared to the trading of 1.96 million shares in the previous session.

Levels Of Support And Resistance For NEO Stock

The 24-hour chart illustrates a support level at 13.54, which if violated will result in even more drops to 13.35. On the upside, there is a resistance level at 14.06. A further resistance level may holdings at 14.38. The Relative Strength Index (RSI) on the 14-day chart is 51.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.83%. Stochastics%K at 64.12% indicates the stock is a holding.

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