GeneDx Holdings Corp’s recently made public that its 10% Owner OPKO HEALTH, INC. unloaded Company’s shares for reported $1.72 million on Aug 19 ’24. In the deal valued at $34.49 per share,50,000 shares were sold. As a result of this transaction, OPKO HEALTH, INC. now holds 2,646,972 shares worth roughly $84.54 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, OPKO HEALTH, INC. sold 50,000 shares, generating $1,714,850 in total proceeds. Upon selling the shares at $34.30, the 10% Owner now owns 2,696,972 shares.
Before that, OPKO HEALTH, INC. sold 39,824 shares. GeneDx Holdings Corp shares valued at $1,317,505 were divested by the 10% Owner at a price of $33.08 per share. As a result of the transaction, OPKO HEALTH, INC. now holds 2,746,972 shares, worth roughly $87.74 million.
Wells Fargo initiated its GeneDx Holdings Corp [WGS] rating to an Equal weight in a research note published on August 28, 2024; the price target was $34. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating.
Price Performance Review of WGS
On Friday, GeneDx Holdings Corp [NASDAQ:WGS] saw its stock fall -1.66% to $31.94. Over the last five days, the stock has lost -10.68%. GeneDx Holdings Corp shares have risen nearly 1061.45% since the year began. Nevertheless, the stocks have risen 619.37% over the past one year. While a 52-week high of $37.45 was reached on 08/13/24, a 52-week low of $1.16 was recorded on 01/02/24. SMA at 50 days reached $31.63, while 200 days put it at $15.21.
Levels Of Support And Resistance For WGS Stock
The 24-hour chart illustrates a support level at 31.25, which if violated will result in even more drops to 30.55. On the upside, there is a resistance level at 32.69. A further resistance level may holdings at 33.43. The Relative Strength Index (RSI) on the 14-day chart is 46.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.64%. Stochastics %K at 14.88% indicates the stock is a buying.
How much short interest is there in GeneDx Holdings Corp?
A steep rise in short interest was recorded in GeneDx Holdings Corp stocks on 2024-08-15, growing by 0.43 million shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.62 million shares. There was a rise of 21.09%, which implies that there is a positive sentiment for the stock.
