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A company insider recently sold 52,679 shares of Hologic, Inc. [HOLX]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hologic, Inc. shares valued at $4,243,662 were sold by Oberton Karleen Marie on Aug 29 ’24. At $80.56 per share, Oberton Karleen Marie sold 52,679 shares. The insider’s holdings dropped to 84,042 shares worth approximately $6.72 million following the completion of this transaction.

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Also, Oberton Karleen Marie purchased 52,679 shares, netting a total of over 4,243,657 in proceeds.

Before that, Schnittker Brandon had sold 476 shares from its account. In a trade valued at $39,559, the Div. President, GYN Surgical traded Hologic, Inc. shares for $83.11 each. Upon closing the transaction, the insider’s holdings decreased to 476 shares, worth approximately $0.3 million.

As published in a research note from Citigroup on October 01, 2024, Hologic, Inc. [HOLX] has been rated down from a Buy to a Neutral and the price target has been revised to $85 from $95. Analysts at Stephens started covering the stock with ‘”an Overweight”‘ outlook in a report released in late June. As of April 03, 2024, Citigroup has increased its “Neutral” rating to a “Buy” for HOLX. Earlier on July 14, 2023, Needham upgraded its rating. Their new recommendation was “a Buy” for HOLX stock which previously was a “a Hold”.

Analyzing HOLX Stock Performance

During the last five days, there has been a surge of approximately 0.88%. Over the course of the year, Hologic, Inc. shares have jumped approximately 11.85%. Shares of the company reached a 52-week high of $84.67 on 08/09/24 and a 52-week low of $70.53 on 01/02/24. A 50-day SMA is recorded $81.18, while a 200-day SMA reached $76.52. Nevertheless, trading volume fell to 1.7 million shares from 0.92 million shares the previous day.

Support And Resistance Levels for Hologic, Inc. (HOLX)

According to the 24-hour chart, there is a support level at 79.46, which, if violated, would cause prices to drop to 79.00. In the upper region, resistance lies at 80.23. The next price resistance is at 80.53. RSI (Relative Strength Index) is 45.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 71.27%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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