Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Illumina Inc shares valued at $483,740 were purchased by CHARLES E. DADSWELL TRUST U/A/ on Aug 15 ’24. At $122.28 per share, CHARLES E. DADSWELL TRUST U/A/ acquired 3,956 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Thaysen Jacob purchased 7,330 shares, netting a total of over 991,672 in proceeds. Following the buying of shares at $135.29 each, the insider now holds 14,861 shares.
Before that, Hoyt Aimee L had sold 315 shares from its account. In a trade valued at $35,545, the SVP, Chief People Officer traded Illumina Inc shares for $112.84 each. Upon closing the transaction, the insider’s holdings decreased to 315 shares, worth approximately $1.16 million.
As published in a research note from Argus on August 28, 2024, Illumina Inc [ILMN] has been rated up from a Hold to a Buy. Analysts at Daiwa Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 14, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for ILMN. Earlier on August 14, 2024, Barclays upgraded its rating. Their new recommendation was “an Equal weight” for ILMN stock which previously was a “an Underweight”.
Analyzing ILMN Stock Performance
During the last five days, there has been a surge of approximately 10.20%. Over the course of the year, Illumina Inc shares have jumped approximately 2.74%. Shares of the company reached a 52-week high of $148.19 on 01/31/24 and a 52-week low of $100.08 on 05/30/24. A 50-day SMA is recorded $127.03, while a 200-day SMA reached $126.00. Nevertheless, trading volume fell to 2.62 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Illumina Inc (ILMN)
According to the 24-hour chart, there is a support level at 130.89, which, if violated, would cause prices to drop to 122.76. In the upper region, resistance lies at 143.27. The next price resistance is at 147.53. RSI (Relative Strength Index) is 64.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.99, which suggests the price will increase in the coming days. Percent R is at 2.62%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
