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Axogen Inc. [AXGN] Director makes an insider purchase of 15,000 shares worth 0.17 million.

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Axogen Inc. shares valued at $167,520 were purchased by GREG FREITAG on Aug 13 ’24. At $11.17 per share, GREG FREITAG acquired 15,000 shares.

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Also, Zaderej Karen L. purchased 200,000 shares, netting a total of over 2,000,000 in proceeds.

Before that, Zaderej Karen L. had sold 39,280 shares from its account. In a trade valued at $301,670, the CEO traded Axogen Inc. shares for $7.68 each. Upon closing the transaction, the insider’s holdings decreased to 39,280 shares, worth approximately $12.39 million.

As published in their initiating research note from Raymond James on July 01, 2024, Axogen Inc. [AXGN] has been an Outperform and the price target has been revised to $13. As of May 09, 2022, Canaccord Genuity has increased its “Hold” rating to a “Buy” for AXGN.

Analyzing AXGN Stock Performance

During the last five days, there has been a surge of approximately 2.99%. Over the course of the year, Axogen Inc. shares have jumped approximately 61.35%. Shares of the company reached a 52-week high of $11.42 on 08/12/24 and a 52-week low of $5.55 on 05/06/24. A 50-day SMA is recorded $8.35, while a 200-day SMA reached $7.68. Nevertheless, trading volume fell to 0.63 million shares from 0.3 million shares the previous day.

Support And Resistance Levels for Axogen Inc. (AXGN)

According to the 24-hour chart, there is a support level at 10.76, which, if violated, would cause prices to drop to 10.49. In the upper region, resistance lies at 11.28. The next price resistance is at 11.54. RSI (Relative Strength Index) is 68.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.59, which suggests the price will increase in the coming days. Percent R is at 9.80%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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