Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Organon & Co. shares valued at $49,939 were purchased by Weaver Kirke on Feb 22 ’24. At $18.36 per share, Weaver Kirke acquired 2,720 shares. The insider’s holdings grew to 15,181 shares worth approximately $0.33 million following the completion of this transaction.
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As published in a research note from Goldman on November 03, 2023, Organon & Co. [OGN] has been rated down from a Buy to a Neutral and the price target has been revised to $16 from $33. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of March 16, 2023, Raymond James has initiated its “an Outperform” rating for OGN. Earlier on October 14, 2022, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for OGN stock which previously was a “a Neutral”.
Analyzing OGN Stock Performance
During the last five days, there has been a drop of approximately -1.90%. Over the course of the year, Organon & Co. shares have jumped approximately 50.14%. Shares of the company reached a 52-week high of $22.61 on 07/30/24 and a 52-week low of $13.65 on 01/05/24. A 50-day SMA is recorded $20.96, while a 200-day SMA reached $17.37. Nevertheless, trading volume fell to 1.61 million shares from 1.53 million shares the previous day.
Support And Resistance Levels for Organon & Co. (OGN)
According to the 24-hour chart, there is a support level at 21.40, which, if violated, would cause prices to drop to 21.14. In the upper region, resistance lies at 22.02. The next price resistance is at 22.38. RSI (Relative Strength Index) is 55.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.37, which suggests the price will decrease in the coming days. Percent R is at 46.60%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
