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Illumina Inc [ILMN] Chief Executive Officer makes an insider purchase of 7,330 shares worth 0.99 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Illumina Inc shares valued at $991,672 were purchased by Thaysen Jacob on Feb 22 ’24. At $135.29 per share, Thaysen Jacob acquired 7,330 shares. The insider’s holdings grew to 14,861 shares worth approximately $1.56 million following the completion of this transaction.

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Also, Hoyt Aimee L sold 315 shares, netting a total of over 35,545 in proceeds. Following the sale of shares at $112.84 each, the insider now holds 8,314 shares.

Before that, TOUSI SUSAN H had sold 500 shares from its account. In a trade valued at $83,520, the SVP, Chief Commercial Officer traded Illumina Inc shares for $167.04 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $4.78 million.

Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of January 04, 2024, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for ILMN. Earlier on December 18, 2023, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for ILMN stock which previously was a “a Sector perform”.

Analyzing ILMN Stock Performance

During the last five days, there has been a drop of approximately -0.63%. Over the course of the year, Illumina Inc shares have dropped approximately -22.40%. Shares of the company reached a 52-week high of $148.19 on 01/31/24 and a 52-week low of $100.08 on 05/30/24. A 50-day SMA is recorded $111.25, while a 200-day SMA reached $123.98. Nevertheless, trading volume fell to 0.99 million shares from 3.07 million shares the previous day.

Support And Resistance Levels for Illumina Inc (ILMN)

According to the 24-hour chart, there is a support level at 104.06, which, if violated, would cause prices to drop to 102.84. In the upper region, resistance lies at 106.61. The next price resistance is at 107.94. RSI (Relative Strength Index) is 46.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.05, which suggests the price will decrease in the coming days. Percent R is at 80.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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