Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Geovax Labs Inc shares valued at $15,600 were purchased by DODD DAVID A on Aug 09 ’24. At $1.95 per share, DODD DAVID A acquired 8,000 shares. The insider’s holdings grew to 26,661 shares worth approximately $59454.03 following the completion of this transaction.
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Also, DODD DAVID A purchased 8,209 shares, netting a total of over 18,663 in proceeds. Following the buying of shares at $2.27 each, the insider now holds 18,661 shares.
Before that, DODD DAVID A had added 520 shares to its account. In a trade valued at $1,118, the President, CEO bought Geovax Labs Inc shares for $2.15 each. Upon closing the transaction, the insider’s holdings increased to 520 shares, worth approximately $23307.96.
As published in their initiating research note from ROTH MKM on July 16, 2024, Geovax Labs Inc [GOVX] has been a Buy and the price target has been revised to $20. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November.
Analyzing GOVX Stock Performance
During the last five days, there has been a surge of approximately 5.19%. Over the course of the year, Geovax Labs Inc shares have dropped approximately -58.82%. Shares of the company reached a 52-week high of $11.1800 on 08/19/24 and a 52-week low of $1.0900 on 06/18/24. A 50-day SMA is recorded $3.4300, while a 200-day SMA reached $2.8000. Nevertheless, trading volume fell to 1.42 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Geovax Labs Inc (GOVX)
According to the 24-hour chart, there is a support level at 2.0200, which, if violated, would cause prices to drop to 1.8200. In the upper region, resistance lies at 2.3500. The next price resistance is at 2.4800. RSI (Relative Strength Index) is 38.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2900, which suggests the price will decrease in the coming days. Percent R is at 74.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
