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Quest Diagnostics, Inc. [DGX] Investment Appeal on the Rise

Quest Diagnostics, Inc.’s recently made public that its SVP & General Counsel PREVOZNIK MICHAEL E unloaded Company’s shares for reported $5.04 million on Aug 29 ’24. In the deal valued at $154.97 per share,32,551 shares were sold. As a result of this transaction, PREVOZNIK MICHAEL E now holds 38,478 shares worth roughly $5.94 million.

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Then, KUPPUSAMY KARTHIK sold 1,990 shares, generating $304,990 in total proceeds. Upon selling the shares at $153.26, the SVP, Clinical Solutions now owns 11,459 shares.

Before that, PREVOZNIK MICHAEL E bought 32,551 shares. Quest Diagnostics, Inc. shares valued at $5,044,516 were divested by the Officer at a price of $154.97 per share.

A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. Leerink Partners began covering DGX with “Market perform” recommendation on February 26, 2024. Jefferies revised its rating on February 07, 2024. It rated DGX as “a Buy” which previously was an “a Hold”.

Price Performance Review of DGX

On Friday, Quest Diagnostics, Inc. [NYSE:DGX] saw its stock fall -0.25% to $154.38. Over the last five days, the stock has gained 0.95%. Quest Diagnostics, Inc. shares have risen nearly 11.97% since the year began. Nevertheless, the stocks have risen 20.49% over the past one year. While a 52-week high of $159.36 was reached on 09/04/24, a 52-week low of $119.59 was recorded on 02/01/24. SMA at 50 days reached $148.88, while 200 days put it at $137.71.

Levels Of Support And Resistance For DGX Stock

The 24-hour chart illustrates a support level at 153.30, which if violated will result in even more drops to 152.22. On the upside, there is a resistance level at 155.49. A further resistance level may holdings at 156.59. The Relative Strength Index (RSI) on the 14-day chart is 57.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.61%. Stochastics %K at 47.90% indicates the stock is a holding.

How much short interest is there in Quest Diagnostics, Inc.?

A steep rise in short interest was recorded in Quest Diagnostics, Inc. stocks on 2024-08-30, growing by 0.22 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.33 million shares. There was a rise of 8.6%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 03, 2024 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $145 price target.

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