The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Transmedics Group Inc shares valued at $447,853 were sold by Khayal Tamer I on Jul 01 ’24. At $151.40 per share, Khayal Tamer I sold 2,958 shares. The insider’s holdings dropped to 20,843 shares worth approximately $3.12 million following the completion of this transaction.
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Also, Hassanein Waleed H sold 8,625 shares, netting a total of over 1,223,473 in proceeds. Following the sale of shares at $141.85 each, the insider now holds 61,643 shares.
Before that, Basile Edward M had sold 1,193 shares from its account. In a trade valued at $164,729, the Director traded Transmedics Group Inc shares for $138.08 each. Upon closing the transaction, the insider’s holdings decreased to 1,193 shares, worth approximately $0.11 million.
As published in their initiating research note from Cantor Fitzgerald on June 06, 2024, Transmedics Group Inc [TMDX] has been an Overweight and the price target has been revised to $161. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of March 28, 2024, Piper Sandler has initiated its “an Overweight” rating for TMDX. Earlier on July 19, 2023, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for TMDX stock.
Analyzing TMDX Stock Performance
During the last five days, there has been a surge of approximately 3.35%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 89.41%. Shares of the company reached a 52-week high of $154.14 on 07/01/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $132.52, while a 200-day SMA reached $86.99. Nevertheless, trading volume fell to 0.32 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 148.03, which, if violated, would cause prices to drop to 146.52. In the upper region, resistance lies at 150.90. The next price resistance is at 152.28. RSI (Relative Strength Index) is 63.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.15, which suggests the price will increase in the coming days. Percent R is at 25.70%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
