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Investing in Myriad Genetics, Inc. (MYGN): What You Must Know

Myriad Genetics, Inc.’s recently made public that its Officer Ancona Margaret acquired Company’s shares for reported $0.32 million on Aug 21 ’24. In the deal valued at $27.82 per share,11,538 shares were bought.

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Then, DIAZ PAUL J sold 15,000 shares, generating $400,800 in total proceeds. Upon selling the shares at $26.72, the President and CEO now owns 977,378 shares.

Before that, Muzzey Dale sold 2,100 shares. Myriad Genetics, Inc. shares valued at $54,961 were divested by the Chief Scientific Officer at a price of $26.17 per share. As a result of the transaction, Muzzey Dale now holds 108,013 shares, worth roughly $2.82 million.

Morgan Stanley initiated its Myriad Genetics, Inc. [MYGN] rating to an Equal-weight in a research note published on September 19, 2024; the price target was $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Scotiabank began covering MYGN with “Sector outperform” recommendation on June 27, 2024.

Price Performance Review of MYGN

On Monday, Myriad Genetics, Inc. [NASDAQ:MYGN] saw its stock fall -1.25% to $26.14. Over the last five days, the stock has lost -4.56%. Myriad Genetics, Inc. shares have risen nearly 36.57% since the year began. Nevertheless, the stocks have risen 68.75% over the past one year. While a 52-week high of $29.30 was reached on 09/18/24, a 52-week low of $13.82 was recorded on 01/08/24. SMA at 50 days reached $27.32, while 200 days put it at $23.50.

Levels Of Support And Resistance For MYGN Stock

The 24-hour chart illustrates a support level at 25.83, which if violated will result in even more drops to 25.52. On the upside, there is a resistance level at 26.52. A further resistance level may holdings at 26.91. The Relative Strength Index (RSI) on the 14-day chart is 42.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.94%. Stochastics %K at 13.14% indicates the stock is a buying.

How much short interest is there in Myriad Genetics, Inc.?

A steep rise in short interest was recorded in Myriad Genetics, Inc. stocks on 2024-09-13, growing by 62432.0 shares to a total of 3.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.88 million shares. There was a rise of 1.58%, which implies that there is a positive sentiment for the stock.

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