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A company insider recently sold 4,900 shares of Geospace Technologies Corp [GEOS]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Geospace Technologies Corp shares valued at $58,996 were sold by Miles Richard F on Feb 22 ’24. At $12.04 per share, Miles Richard F sold 4,900 shares. The insider’s holdings dropped to 37,400 shares worth approximately $0.35 million following the completion of this transaction.

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Also, Adams Robbin B. sold 1,250 shares, netting a total of over 15,344 in proceeds. Following the sale of shares at $12.28 each, the insider now holds 73,421 shares.

Before that, Adams Robbin B. had sold 912 shares from its account. In a trade valued at $11,236, the SVP & Chief Technical Officer traded Geospace Technologies Corp shares for $12.32 each. Upon closing the transaction, the insider’s holdings decreased to 912 shares, worth approximately $0.75 million.

As published in their initiating research note from Singular Research on July 24, 2018, Geospace Technologies Corp [GEOS] has been a Buy and the price target has been revised to $17.25. Analysts at Cowen resumed the stock at ‘”a Market perform”‘ outlook in a report released in late August. As of May 09, 2014, Furey Research Partners has reiterated its “Buy” rating for GEOS. Earlier on May 09, 2014, CRT Capital resumed its rating. Their recommendation was “a Buy” for GEOS stock.

Analyzing GEOS Stock Performance

During the last five days, there has been a surge of approximately 2.54%. Over the course of the year, Geospace Technologies Corp shares have dropped approximately -28.40%. Shares of the company reached a 52-week high of $17.09 on 02/08/24 and a 52-week low of $8.49 on 06/26/24. A 50-day SMA is recorded $10.50, while a 200-day SMA reached $12.26. Nevertheless, trading volume fell to 57098.0 shares from 0.13 million shares the previous day.

Support And Resistance Levels for Geospace Technologies Corp (GEOS)

According to the 24-hour chart, there is a support level at 9.00, which, if violated, would cause prices to drop to 8.71. In the upper region, resistance lies at 9.49. The next price resistance is at 9.69. RSI (Relative Strength Index) is 44.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 60.40%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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