Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PepGen Inc shares valued at $136,741 were sold by Mellion Michelle L on Jul 25 ’24. At $18.06 per share, Mellion Michelle L sold 7,571 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Mellion Michelle L sold 201 shares, netting a total of over 3,619 in proceeds. Following the sale of shares at $18.01 each, the insider now holds 0 shares.
Before that, Mellion Michelle L had sold 12,625 shares from its account. In a trade valued at $229,804, the Chief Medical Officer traded PepGen Inc shares for $18.20 each. Upon closing the transaction, the insider’s holdings decreased to 12,625 shares, worth approximately $0.0.
As published in a research note from BofA Securities on July 31, 2024, PepGen Inc [PEPG] has been rated down from a Buy to a Neutral and the price target has been revised to $12. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in late December.
Analyzing PEPG Stock Performance
During the last five days, there has been a drop of approximately -34.91%. Over the course of the year, PepGen Inc shares have jumped approximately 68.09%. Shares of the company reached a 52-week high of $19.30 on 07/29/24 and a 52-week low of $6.50 on 01/04/24. A 50-day SMA is recorded $16.63, while a 200-day SMA reached $11.48. Nevertheless, trading volume fell to 1.55 million shares from 79400.0 shares the previous day.
Support And Resistance Levels for PepGen Inc (PEPG)
According to the 24-hour chart, there is a support level at 8.80, which, if violated, would cause prices to drop to 6.16. In the upper region, resistance lies at 13.27. The next price resistance is at 15.10. RSI (Relative Strength Index) is 27.98 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.62, which suggests the price will decrease in the coming days. Percent R is at 69.64%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
