Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Transmedics Group Inc shares valued at $472,404 were sold by Khayal Tamer I on Sep 03 ’24. At $159.60 per share, Khayal Tamer I sold 2,960 shares. The insider’s holdings dropped to 20,843 shares worth approximately $3.11 million following the completion of this transaction.
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Also, Corcoran Nicholas sold 10,000 shares, netting a total of over 1,760,200 in proceeds. Following the sale of shares at $176.02 each, the insider now holds 21,105 shares.
Before that, Corcoran Nicholas had added 10,000 shares to its account. In a trade valued at $1,760,158, the Officer bought Transmedics Group Inc shares for $176.02 each.
As published in their initiating research note from Needham on August 21, 2024, Transmedics Group Inc [TMDX] has been a Buy and the price target has been revised to $208. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of June 04, 2024, Stephens has initiated its “an Overweight” rating for TMDX. Earlier on March 28, 2024, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for TMDX stock.
Analyzing TMDX Stock Performance
During the last five days, there has been a surge of approximately 4.01%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 88.95%. Shares of the company reached a 52-week high of $177.37 on 08/23/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $153.84, while a 200-day SMA reached $111.99. Nevertheless, trading volume fell to 1.0 million shares from 1.05 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 144.05, which, if violated, would cause prices to drop to 138.96. In the upper region, resistance lies at 153.61. The next price resistance is at 158.08. RSI (Relative Strength Index) is 45.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.35, which suggests the price will decrease in the coming days. Percent R is at 64.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
