Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Inogen Inc shares valued at $85,600 were sold by Somer Jason on May 10 ’24. At $8.56 per share, Somer Jason sold 10,000 shares. The insider’s holdings dropped to 4,452 shares worth approximately $35972.16 following the completion of this transaction.
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As published in a research note from William Blair on February 15, 2024, Inogen Inc [INGN] has been rated up from a Mkt perform to an Outperform. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 14, 2023, Needham has decreased its “Buy” rating to a “Hold” for INGN. Earlier on January 17, 2023, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for INGN stock which previously was a “an Outperform”.
Analyzing INGN Stock Performance
During the last five days, there has been a surge of approximately 3.99%. Over the course of the year, Inogen Inc shares have jumped approximately 47.18%. Shares of the company reached a 52-week high of $10.64 on 02/15/24 and a 52-week low of $5.08 on 01/19/24. A 50-day SMA is recorded $7.98, while a 200-day SMA reached $6.64. Nevertheless, trading volume fell to 76303.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Inogen Inc (INGN)
According to the 24-hour chart, there is a support level at 7.77, which, if violated, would cause prices to drop to 7.45. In the upper region, resistance lies at 8.26. The next price resistance is at 8.43. RSI (Relative Strength Index) is 51.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 26.52%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
