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Recent Insider Activity Suggests Potential Gains for Neogenomics Inc. (NEO)

Neogenomics Inc.’s recent filing unveils that its General Counsel Olivo Alicia C unloaded Company’s shares for reported $16695.0 on Aug 15 ’24. In the deal valued at $16.05 per share,1,040 shares were sold. As a result of this transaction, Olivo Alicia C now holds 43,813 shares worth roughly $0.61 million.

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Then, ALICIA OLIVO bought 1,040 shares, generating $16,453 in total proceeds.

Before that, BRUCE K CROWTHER bought 8,353 shares. Neogenomics Inc. shares valued at $133,243 were divested by the Officer at a price of $15.95 per share.

A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late December has reiterated a ‘”a Buy”‘ rating for it. Stephens also remained covering NEO and has increased its forecast on August 21, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James revised its rating on May 16, 2023. It rated NEO as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of NEO

On Tuesday, Neogenomics Inc. [NASDAQ:NEO] saw its stock fall -6.37% to $13.81. Over the last five days, the stock has lost -12.59%. Neogenomics Inc. shares have fallen nearly -14.65% since the year began. Nevertheless, the stocks have risen 12.28% over the past one year. While a 52-week high of $21.22 was reached on 07/31/24, a 52-week low of $11.03 was recorded on 06/10/24. SMA at 50 days reached $16.01, while 200 days put it at $15.32.

Levels Of Support And Resistance For NEO Stock

The 24-hour chart illustrates a support level at 13.35, which if violated will result in even more drops to 12.90. On the upside, there is a resistance level at 14.59. A further resistance level may holdings at 15.38. The Relative Strength Index (RSI) on the 14-day chart is 30.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 7.11% indicates the stock is a buying.

How much short interest is there in Neogenomics Inc.?

A steep rise in short interest was recorded in Neogenomics Inc. stocks on 2024-09-13, growing by 0.16 million shares to a total of 5.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.02 million shares. There was a rise of 3.14%, which implies that there is a positive sentiment for the stock.

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