In a filing, Cg Oncology Inc. revealed its Director Song Hong Fang unloaded Company’s shares for reported $23.0 million on Aug 29 ’24. In the deal valued at $35.36 per share,650,455 shares were sold. As a result of this transaction, Song Hong Fang now holds 586,982 shares worth roughly $21.5 million.
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Then, Unique Diamond Investments Ltd bought 424,210 shares, generating $15,000,000 in total proceeds.
Before that, Charming Jade Ltd bought 226,245 shares. Cg Oncology Inc. shares valued at $8,000,000 were divested by the Director at a price of $35.36 per share.
RBC Capital Mkts initiated its Cg Oncology Inc. [CGON] rating to an Outperform in a research note published on September 23, 2024; the price target was $66. A number of analysts have revised their coverage, including ROTH MKM’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. BofA Securities began covering CGON with “Buy” recommendation on June 28, 2024. Morgan Stanley started covering the stock on February 20, 2024. It rated CGON as “an Overweight”.
Price Performance Review of CGON
On Friday, Cg Oncology Inc. [NASDAQ:CGON] saw its stock jump 1.86% to $36.63. Over the last five days, the stock has lost -3.27%. Cg Oncology Inc. shares have fallen nearly -1.45% since the year began.
Levels Of Support And Resistance For CGON Stock
The 24-hour chart illustrates a support level at 36.13, which if violated will result in even more drops to 35.62. On the upside, there is a resistance level at 37.07. A further resistance level may holdings at 37.50. The Relative Strength Index (RSI) on the 14-day chart is 49.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.24%. Stochastics %K at 26.44% indicates the stock is a holding.
How much short interest is there in Cg Oncology Inc.?
A steep rise in short interest was recorded in Cg Oncology Inc. stocks on 2024-09-13, dropping by -0.92 million shares to a total of 6.06 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.98 million shares. There was a decline of -15.12%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 20, 2024 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $42 price target.
