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PEPG (PepGen Inc) may reap gains as insiders became active recently

PepGen Inc’s recent filing unveils that its Chief Medical Officer Mellion Michelle L unloaded Company’s shares for reported $0.14 million on Jul 25 ’24. In the deal valued at $18.06 per share,7,571 shares were sold. As a result of this transaction, Mellion Michelle L now holds 0 shares worth roughly $0.0.

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Then, Mellion Michelle L sold 201 shares, generating $3,619 in total proceeds. Upon selling the shares at $18.01, the Chief Medical Officer now owns 0 shares.

Before that, Mellion Michelle L sold 12,625 shares. PepGen Inc shares valued at $229,804 were divested by the Chief Medical Officer at a price of $18.20 per share. As a result of the transaction, Mellion Michelle L now holds 0 shares, worth roughly $0.0.

BofA Securities downgraded its PepGen Inc [PEPG] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late December with a ‘”a Buy”‘ rating.

Price Performance Review of PEPG

On Tuesday, PepGen Inc [NASDAQ:PEPG] saw its stock jump 1.29% to $9.39. Over the last five days, the stock has lost -44.70%. PepGen Inc shares have risen nearly 38.09% since the year began. Nevertheless, the stocks have risen 79.89% over the past one year. While a 52-week high of $19.30 was reached on 07/29/24, a 52-week low of $3.72 was recorded on 01/04/24. SMA at 50 days reached $16.28, while 200 days put it at $11.57. A total of 0.25 million shares were traded, compared to the trading of 0.21 million shares in the previous session.

Levels Of Support And Resistance For PEPG Stock

The 24-hour chart illustrates a support level at 9.11, which if violated will result in even more drops to 8.82. On the upside, there is a resistance level at 9.76. A further resistance level may holdings at 10.12. The Relative Strength Index (RSI) on the 14-day chart is 24.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.70%. Stochastics%K at 13.19% indicates the stock is a buying.

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