Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. TG Therapeutics Inc shares valued at $275,791 were sold by Lonial Sagar on Jun 20 ’24. At $16.87 per share, Lonial Sagar sold 16,348 shares. The insider’s holdings dropped to 105,195 shares worth approximately $2.3 million following the completion of this transaction.
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Also, Lonial Sagar sold 9,585 shares, netting a total of over 157,098 in proceeds. Following the sale of shares at $16.39 each, the insider now holds 99,293 shares.
Before that, Lonial Sagar had sold 5,000 shares from its account. In a trade valued at $79,675, the Director traded TG Therapeutics Inc shares for $15.94 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.38 million.
As published in a research note from Goldman on August 02, 2023, TG Therapeutics Inc [TGTX] has been rated up from a Sell to a Neutral and the price target has been revised to $12 from $16. As of May 20, 2022, BofA Securities has initiated its “an Underperform” rating for TGTX. Earlier on February 23, 2022, B. Riley Securities resumed its rating. Their recommendation was “a Buy” for TGTX stock.
Analyzing TGTX Stock Performance
During the last five days, there has been a drop of approximately -1.62%. Over the course of the year, TG Therapeutics Inc shares have jumped approximately 27.81%. Shares of the company reached a 52-week high of $26.41 on 09/18/24 and a 52-week low of $12.84 on 02/21/24. A 50-day SMA is recorded $22.60, while a 200-day SMA reached $18.10. Nevertheless, trading volume fell to 2.33 million shares from 2.41 million shares the previous day.
Support And Resistance Levels for TG Therapeutics Inc (TGTX)
According to the 24-hour chart, there is a support level at 21.36, which, if violated, would cause prices to drop to 20.89. In the upper region, resistance lies at 22.21. The next price resistance is at 22.59. RSI (Relative Strength Index) is 41.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 81.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
