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Selling Buzz: Intest Corp. [INTT] President & CEO Grant Richard N. Jr. sells 21,500 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Intest Corp. shares valued at $258,645 were sold by Grant Richard N. Jr. on Apr 11 ’24. At $12.03 per share, Grant Richard N. Jr. sold 21,500 shares. The insider’s holdings dropped to 171,717 shares worth approximately $1.89 million following the completion of this transaction.

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Also, Grant Richard N. Jr. sold 22,000 shares, netting a total of over 264,660 in proceeds. Following the sale of shares at $12.03 each, the insider now holds 193,217 shares.

Before that, Grant Richard N. Jr. had sold 20,000 shares from its account. In a trade valued at $256,000, the President & CEO traded Intest Corp. shares for $12.80 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $2.37 million.

As published in their initiating research note from Northland Capital on November 21, 2022, Intest Corp. [INTT] has been an Outperform and the price target has been revised to $20. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of October 06, 2017, Dougherty & Company has initiated its “Buy” rating for INTT.

Analyzing INTT Stock Performance

During the last five days, there has been a surge of approximately 16.16%. Over the course of the year, Intest Corp. shares have dropped approximately -19.12%. Shares of the company reached a 52-week high of $14.35 on 04/01/24 and a 52-week low of $9.11 on 06/04/24. A 50-day SMA is recorded $10.17, while a 200-day SMA reached $12.06. Nevertheless, trading volume fell to 52486.0 shares from 0.25 million shares the previous day.

Support And Resistance Levels for Intest Corp. (INTT)

According to the 24-hour chart, there is a support level at 10.52, which, if violated, would cause prices to drop to 10.35. In the upper region, resistance lies at 10.93. The next price resistance is at 11.18. RSI (Relative Strength Index) is 66.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 18.59%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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