Transmedics Group Inc’s filing revealed that its President & CEO Hassanein Waleed H unloaded Company’s shares for reported $1.32 million on Sep 16 ’24. In the deal valued at $153.42 per share,8,625 shares were sold. As a result of this transaction, Hassanein Waleed H now holds 61,643 shares worth roughly $10.17 million.
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Then, Khayal Tamer I sold 2,960 shares, generating $472,404 in total proceeds. Upon selling the shares at $159.60, the Chief Commercial Officer now owns 20,843 shares.
Before that, Corcoran Nicholas sold 10,000 shares. Transmedics Group Inc shares valued at $1,760,200 were divested by the insider at a price of $176.02 per share. As a result of the transaction, Corcoran Nicholas now holds 21,105 shares, worth roughly $3.48 million.
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 Friday, Transmedics Group Inc [NASDAQ:TMDX] saw its stock fall -0.59% to $165.00. Over the last five days, the stock has gained 8.97%. Transmedics Group Inc shares have risen nearly 109.05% since the year began. Nevertheless, the stocks have risen 187.11% 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 $155.13, while 200 days put it at $114.53.
Levels Of Support And Resistance For TMDX Stock
The 24-hour chart illustrates a support level at 161.48, which if violated will result in even more drops to 157.97. On the upside, there is a resistance level at 168.90. A further resistance level may holdings at 172.81. The Relative Strength Index (RSI) on the 14-day chart is 58.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.94%. Stochastics %K at 77.80% 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 .
