Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Guardant Health Inc shares valued at $2,787 were sold by Joyce Meghan V. on Jun 04 ’24. At $27.87 per share, Joyce Meghan V. sold 100 shares. The insider’s holdings dropped to 4,621 shares worth approximately $0.15 million following the completion of this transaction.
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Also, Kalia Kumud purchased 2,187 shares, netting a total of over 38,963 in proceeds. Following the buying of shares at $17.82 each, the insider now holds 12,722 shares.
Before that, Joyce Meghan V. had sold 100 shares from its account. In a trade valued at $1,905, the Director traded Guardant Health Inc shares for $19.05 each. Upon closing the transaction, the insider’s holdings decreased to 100 shares, worth approximately $0.15 million.
As published in a research note from Guggenheim on June 28, 2024, Guardant Health Inc [GH] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Earlier on December 14, 2023, Guggenheim initiated its rating. Their recommendation was “a Neutral” for GH stock.
Analyzing GH Stock Performance
During the last five days, there has been a surge of approximately 4.48%. Over the course of the year, Guardant Health Inc shares have jumped approximately 23.33%. Shares of the company reached a 52-week high of $37.04 on 07/30/24 and a 52-week low of $15.81 on 04/19/24. A 50-day SMA is recorded $29.73, while a 200-day SMA reached $24.34. Nevertheless, trading volume fell to 3.74 million shares from 4.38 million shares the previous day.
Support And Resistance Levels for Guardant Health Inc (GH)
According to the 24-hour chart, there is a support level at 31.76, which, if violated, would cause prices to drop to 30.15. In the upper region, resistance lies at 35.53. The next price resistance is at 37.70. RSI (Relative Strength Index) is 56.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.98, which suggests the price will increase in the coming days. Percent R is at 56.79%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
