Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bioventus Inc shares valued at $51,350 were sold by Singleton Mark Leonard on Jun 21 ’24. At $5.57 per share, Singleton Mark Leonard sold 9,219 shares. The insider’s holdings dropped to 84,895 shares worth approximately $0.68 million following the completion of this transaction.
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Also, D’Adamio Anthony sold 5,904 shares, netting a total of over 32,885 in proceeds. Following the sale of shares at $5.57 each, the insider now holds 95,576 shares.
Before that, CHURCH KATRINA J had sold 2,559 shares from its account. In a trade valued at $14,254, the SVP & Chief Compliance Officer traded Bioventus Inc shares for $5.57 each. Upon closing the transaction, the insider’s holdings decreased to 2,559 shares, worth approximately $0.33 million.
As published in a research note from Canaccord Genuity on December 07, 2023, Bioventus Inc [BVS] has been rated up from a Hold to a Buy and the price target has been revised to $7. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of November 22, 2022, Craig Hallum has decreased its “Buy” rating to a “Hold” for BVS. Earlier on November 09, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for BVS stock which previously was a “an Overweight”.
Analyzing BVS Stock Performance
During the last five days, there has been a surge of approximately 7.24%. Over the course of the year, Bioventus Inc shares have jumped approximately 51.80%. Shares of the company reached a 52-week high of $8.36 on 08/07/24 and a 52-week low of $3.90 on 04/30/24. A 50-day SMA is recorded $6.68, while a 200-day SMA reached $5.29. Nevertheless, trading volume fell to 0.96 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Bioventus Inc (BVS)
According to the 24-hour chart, there is a support level at 7.68, which, if violated, would cause prices to drop to 7.35. In the upper region, resistance lies at 8.17. The next price resistance is at 8.33. RSI (Relative Strength Index) is 62.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 16.67%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
