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Myriad Genetics, Inc. [MYGN] Insider Activity: An Update for Investors

In a filing, Myriad Genetics, Inc. revealed its Officer Ancona Margaret acquired Company’s shares for reported $0.32 million on Aug 21 ’24. In the deal valued at $27.82 per share,11,538 shares were bought.

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Then, DIAZ PAUL J sold 15,000 shares, generating $400,800 in total proceeds. Upon selling the shares at $26.72, the President and CEO now owns 977,378 shares.

Before that, Muzzey Dale sold 2,100 shares. Myriad Genetics, Inc. shares valued at $54,961 were divested by the Chief Scientific Officer at a price of $26.17 per share. As a result of the transaction, Muzzey Dale now holds 108,013 shares, worth roughly $3.01 million.

Wells Fargo initiated its Myriad Genetics, Inc. [MYGN] rating to an Overweight in a research note published on August 28, 2024; the price target was $35. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late June with a ‘”a Sector outperform”‘ rating. Leerink Partners revised its rating on May 08, 2024. It rated MYGN as “an Outperform” which previously was an “a Market perform”.

Price Performance Review of MYGN

On Monday, Myriad Genetics, Inc. [NASDAQ:MYGN] saw its stock jump 1.12% to $27.90. Over the last five days, the stock has gained 2.80%. Myriad Genetics, Inc. shares have risen nearly 45.77% since the year began. Nevertheless, the stocks have risen 68.68% over the past one year. While a 52-week high of $29.08 was reached on 08/29/24, a 52-week low of $13.82 was recorded on 01/08/24. SMA at 50 days reached $27.23, while 200 days put it at $22.93.

Levels Of Support And Resistance For MYGN Stock

The 24-hour chart illustrates a support level at 27.58, which if violated will result in even more drops to 27.25. On the upside, there is a resistance level at 28.08. A further resistance level may holdings at 28.25. The Relative Strength Index (RSI) on the 14-day chart is 54.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.19%. Stochastics %K at 58.83% indicates the stock is a holding.

How much short interest is there in Myriad Genetics, Inc.?

A steep rise in short interest was recorded in Myriad Genetics, Inc. stocks on 2024-08-30, dropping by -0.45 million shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.39 million shares. There was a decline of -11.31%, which implies that there is a negative sentiment for the stock.

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