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A company insider recently sold 3,528 shares of Augmedix Inc [AUGX]. Should You Sale?

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. Augmedix Inc shares valued at $4,198 were sold by Krakaris Emmanuel on May 15 ’24. At $1.19 per share, Krakaris Emmanuel sold 3,528 shares. The insider’s holdings dropped to 58,898 shares worth approximately $58898.0 following the completion of this transaction.

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Also, Breber Sandra sold 2,354 shares, netting a total of over 2,801 in proceeds. Following the sale of shares at $1.19 each, the insider now holds 16,396 shares.

Before that, Ginocchio Paul had sold 2,354 shares from its account. In a trade valued at $2,801, the CHIEF FINANCIAL OFFICER traded Augmedix Inc shares for $1.19 each. Upon closing the transaction, the insider’s holdings decreased to 2,354 shares, worth approximately $0.13 million.

As published in a research note from Maxim Group on May 14, 2024, Augmedix Inc [AUGX] has been rated down from a Buy to a Hold and the price target has been revised to $5. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid May. Earlier on December 15, 2023, Evercore ISI initiated its rating. Their recommendation was “an In-line” for AUGX stock.

Analyzing AUGX Stock Performance

During the last five days, there has been a surge of approximately 17.32%. Over the course of the year, Augmedix Inc shares have dropped approximately -82.99%. Shares of the company reached a 52-week high of $6.2500 on 01/02/24 and a 52-week low of $0.7300 on 06/06/24. A 50-day SMA is recorded $1.4657, while a 200-day SMA reached $3.9371. Nevertheless, trading volume fell to 0.57 million shares from 0.77 million shares the previous day.

Support And Resistance Levels for Augmedix Inc (AUGX)

According to the 24-hour chart, there is a support level at 0.9733, which, if violated, would cause prices to drop to 0.9467. In the upper region, resistance lies at 1.0333. The next price resistance is at 1.0667. RSI (Relative Strength Index) is 44.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1237, which suggests the price will decrease in the coming days. Percent R is at 13.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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