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Insider Buying: Burdiek Michael J, DocGo Inc [DCGO] Director invested 10,000 shares

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. DocGo Inc shares valued at $34,000 were purchased by Burdiek Michael J on May 14 ’24. At $3.40 per share, Burdiek Michael J acquired 10,000 shares. The insider’s holdings grew to 581,595 shares worth approximately $1.7 million following the completion of this transaction.

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Also, Bienstock Lee purchased 25,000 shares, netting a total of over 78,750 in proceeds. Following the buying of shares at $3.15 each, the insider now holds 1,220,845 shares.

Before that, Tendler Ely D had added 10,000 shares to its account. In a trade valued at $31,300, the General Counsel and Secretary bought DocGo Inc shares for $3.13 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.48 million.

As published in their initiating research note from BTIG Research on August 18, 2023, DocGo Inc [DCGO] has been a Buy and the price target has been revised to $15. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late April. As of April 19, 2022, Deutsche Bank has initiated its “Buy” rating for DCGO. Earlier on January 19, 2022, Stifel initiated its rating. Their recommendation was “a Buy” for DCGO stock.

Analyzing DCGO Stock Performance

During the last five days, there has been a drop of approximately -4.89%. Over the course of the year, DocGo Inc shares have dropped approximately -47.76%. Shares of the company reached a 52-week high of $5.61 on 01/02/24 and a 52-week low of $2.78 on 01/10/24. A 50-day SMA is recorded $3.18, while a 200-day SMA reached $4.30. Nevertheless, trading volume fell to 0.24 million shares from 0.81 million shares the previous day.

Support And Resistance Levels for DocGo Inc (DCGO)

According to the 24-hour chart, there is a support level at 2.90, which, if violated, would cause prices to drop to 2.85. In the upper region, resistance lies at 2.99. The next price resistance is at 3.04. RSI (Relative Strength Index) is 43.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 74.23%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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