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A company insider recently bought 8,209 shares of Geovax Labs Inc [GOVX]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Geovax Labs Inc shares valued at $18,663 were purchased by DODD DAVID A on Feb 22 ’24. At $2.27 per share, DODD DAVID A acquired 8,209 shares. The insider’s holdings grew to 18,661 shares worth approximately $53370.46 following the completion of this transaction.

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Also, DODD DAVID A purchased 520 shares, netting a total of over 1,118 in proceeds. Following the buying of shares at $2.15 each, the insider now holds 10,452 shares.

Before that, Reynolds Mark had added 2,000 shares to its account. In a trade valued at $5,540, the CFO bought Geovax Labs Inc shares for $2.77 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $20629.18.

As published in their initiating research note from Maxim Group on November 19, 2020, Geovax Labs Inc [GOVX] has been a Buy and the price target has been revised to $8.

Analyzing GOVX Stock Performance

During the last five days, there has been a surge of approximately 41.94%. Over the course of the year, Geovax Labs Inc shares have dropped approximately -47.18%. Shares of the company reached a 52-week high of $6.00 on 01/10/24 and a 52-week low of $1.09 on 06/18/24. A 50-day SMA is recorded $1.84, while a 200-day SMA reached $4.16. Nevertheless, trading volume fell to 0.69 million shares from 1.98 million shares the previous day.

Support And Resistance Levels for Geovax Labs Inc (GOVX)

According to the 24-hour chart, there is a support level at 2.71, which, if violated, would cause prices to drop to 2.53. In the upper region, resistance lies at 3.18. The next price resistance is at 3.47. RSI (Relative Strength Index) is 57.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 52.49%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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