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Standard BioTools Inc [LAB] Shares Fall -7.11 % on Wednesday

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Standard BioTools Inc shares valued at $91,725 were purchased by Taich Adam on Sep 09 ’24. At $2.00 per share, Taich Adam acquired 45,851 shares.

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Also, Casdin Partners Master Fund, L purchased 250,000 shares, netting a total of over 546,750 in proceeds. Following the buying of shares at $2.19 each, the insider now holds 54,025,821 shares.

Before that, Casdin Partners Master Fund, L had added 292,100 shares to its account. In a trade valued at $620,975, the Director bought Standard BioTools Inc shares for $2.13 each. Upon closing the transaction, the insider’s holdings increased to 292,100 shares, worth approximately $98.14 million.

As published in their initiating research note from TD Cowen on April 16, 2024, Standard BioTools Inc [LAB] has been a Buy and the price target has been revised to $3.50. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. As of July 12, 2023, KeyBanc Capital Markets has initiated its “an Overweight” rating for LAB.

Analyzing LAB Stock Performance

During the last five days, there has been a drop of approximately -9.85%. Over the course of the year, Standard BioTools Inc shares have dropped approximately -17.19%. Shares of the company reached a 52-week high of $3.0400 on 04/09/24 and a 52-week low of $1.2100 on 08/01/24. A 50-day SMA is recorded $1.9718, while a 200-day SMA reached $2.2635. Nevertheless, trading volume fell to 1.49 million shares from 1.31 million shares the previous day.

Support And Resistance Levels for Standard BioTools Inc (LAB)

According to the 24-hour chart, there is a support level at 1.7700, which, if violated, would cause prices to drop to 1.7100. In the upper region, resistance lies at 1.9400. The next price resistance is at 2.0500. RSI (Relative Strength Index) is 42.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1036, which suggests the price will decrease in the coming days. Percent R is at 97.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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