Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Transmedics Group Inc shares valued at $1,323,210 were sold by Hassanein Waleed H on Sep 16 ’24. At $153.42 per share, Hassanein Waleed H sold 8,625 shares. The insider’s holdings dropped to 61,643 shares worth approximately $8.85 million following the completion of this transaction.
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Also, Khayal Tamer I sold 2,960 shares, netting a total of over 472,404 in proceeds. Following the sale of shares at $159.60 each, the insider now holds 20,843 shares.
Before that, Corcoran Nicholas had sold 10,000 shares from its account. In a trade valued at $1,760,200, the insider traded Transmedics Group Inc shares for $176.02 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.03 million.
As published in their initiating research note from Robert W. Baird on September 24, 2024, Transmedics Group Inc [TMDX] has been an Outperform and the price target has been revised to $200. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of June 06, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for TMDX. Earlier on June 04, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for TMDX stock.
Analyzing TMDX Stock Performance
During the last five days, there has been a drop of approximately -3.14%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 81.96%. Shares of the company reached a 52-week high of $177.37 on 08/23/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $155.72, while a 200-day SMA reached $117.61. Nevertheless, trading volume fell to 0.63 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 141.68, which, if violated, would cause prices to drop to 139.73. In the upper region, resistance lies at 146.62. The next price resistance is at 149.61. RSI (Relative Strength Index) is 42.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.70, which suggests the price will decrease in the coming days. Percent R is at 92.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
