Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Organon & Co. shares valued at $49,939 were purchased by Weaver Kirke on Feb 22 ’24. At $18.36 per share, Weaver Kirke acquired 2,720 shares. The insider’s holdings grew to 15,181 shares worth approximately $0.28 million following the completion of this transaction.
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As published in a research note from JP Morgan on September 06, 2024, Organon & Co. [OGN] has been rated down from a Neutral to an Underweight and the price target has been revised to $20 from $18. Analysts at Goldman downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 21, 2023, Barclays has initiated its “an Overweight” rating for OGN. Earlier on March 16, 2023, Raymond James initiated its rating. Their recommendation was “an Outperform” for OGN stock.
Analyzing OGN Stock Performance
During the last five days, there has been a drop of approximately -4.75%. Over the course of the year, Organon & Co. shares have jumped approximately 26.63%. Shares of the company reached a 52-week high of $23.10 on 08/26/24 and a 52-week low of $13.65 on 01/05/24. A 50-day SMA is recorded $20.60, while a 200-day SMA reached $19.03. Nevertheless, trading volume fell to 2.2 million shares from 2.03 million shares the previous day.
Support And Resistance Levels for Organon & Co. (OGN)
According to the 24-hour chart, there is a support level at 18.10, which, if violated, would cause prices to drop to 17.95. In the upper region, resistance lies at 18.53. The next price resistance is at 18.81. RSI (Relative Strength Index) is 29.59 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.92, which suggests the price will decrease in the coming days. Percent R is at 98.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
