Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GeneDx Holdings Corp shares valued at $547,956 were purchased by OPKO HEALTH, INC. on Sep 17 ’24. At $40.88 per share, OPKO HEALTH, INC. acquired 13,404 shares.
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Also, Stueland Katherine sold 10,501 shares, netting a total of over 394,733 in proceeds. Following the sale of shares at $37.59 each, the insider now holds 103,706 shares.
Before that, Feeley Kevin had sold 2,635 shares from its account. In a trade valued at $99,050, the CHIEF FINANCIAL OFFICER traded GeneDx Holdings Corp shares for $37.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,635 shares, worth approximately $2.45 million.
As published in their initiating research note from Wells Fargo on August 28, 2024, GeneDx Holdings Corp [WGS] has been an Equal weight and the price target has been revised to $34. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early July.
Analyzing WGS Stock Performance
During the last five days, there has been a surge of approximately 16.72%. Over the course of the year, GeneDx Holdings Corp shares have jumped approximately 1900.00%. Shares of the company reached a 52-week high of $57.53 on 10/08/24 and a 52-week low of $2.47 on 01/02/24. A 50-day SMA is recorded $37.35, while a 200-day SMA reached $20.68. Nevertheless, trading volume fell to 0.66 million shares from 0.53 million shares the previous day.
Support And Resistance Levels for GeneDx Holdings Corp (WGS)
According to the 24-hour chart, there is a support level at 54.09, which, if violated, would cause prices to drop to 53.19. In the upper region, resistance lies at 55.52. The next price resistance is at 56.05. RSI (Relative Strength Index) is 82.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.70, which suggests the price will increase in the coming days. Percent R is at 11.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
