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Transmedics Group Inc (TMDX) Becoming More Attractive for Investors

Transmedics Group Inc’s recent filing unveils that its Chief Commercial Officer Khayal Tamer I unloaded Company’s shares for reported $0.47 million on Sep 03 ’24. In the deal valued at $159.60 per share,2,960 shares were sold. As a result of this transaction, Khayal Tamer I now holds 20,843 shares worth roughly $3.15 million.

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Then, Corcoran Nicholas sold 10,000 shares, generating $1,760,200 in total proceeds. Upon selling the shares at $176.02, the insider now owns 21,105 shares.

Before that, Corcoran Nicholas bought 10,000 shares. Transmedics Group Inc shares valued at $1,760,158 were divested by the Officer at a price of $176.02 per share.

Needham initiated its Transmedics Group Inc [TMDX] rating to a Buy in a research note published on August 21, 2024; the price target was $208. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. Stephens began covering TMDX with “an Overweight” recommendation on June 04, 2024. Piper Sandler started covering the stock on March 28, 2024. It rated TMDX as “an Overweight”.

Price Performance Review of TMDX

On Monday, Transmedics Group Inc [NASDAQ:TMDX] saw its stock fall -0.14% to $151.21. Over the last five days, the stock has gained 8.54%. Transmedics Group Inc shares have risen nearly 91.57% since the year began. Nevertheless, the stocks have risen 155.72% over the past one year. While a 52-week high of $177.37 was reached on 08/23/24, a 52-week low of $36.42 was recorded on 03/25/24. SMA at 50 days reached $153.86, while 200 days put it at $112.80.

Levels Of Support And Resistance For TMDX Stock

The 24-hour chart illustrates a support level at 148.75, which if violated will result in even more drops to 146.30. On the upside, there is a resistance level at 155.44. A further resistance level may holdings at 159.68. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.10%. Stochastics %K at 39.38% indicates the stock is a holding.

How much short interest is there in Transmedics Group Inc?

A steep rise in short interest was recorded in Transmedics Group Inc stocks on 2024-08-30, growing by 0.13 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.75 million shares. There was a rise of 2.14%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on July 19, 2023 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating .

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