Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 10x Genomics Inc shares valued at $152,053 were sold by Saxonov Serge on Aug 22 ’24. At $22.53 per share, Saxonov Serge sold 6,749 shares. The insider’s holdings dropped to 882,467 shares worth approximately $13.11 million following the completion of this transaction.
Also, Hindson Benjamin J. sold 4,351 shares, netting a total of over 98,027 in proceeds. Following the sale of shares at $22.53 each, the insider now holds 345,704 shares.
Before that, McAnear Justin J. had sold 2,961 shares from its account. In a trade valued at $66,710, the Former Chief Financial Officer traded 10x Genomics Inc shares for $22.53 each. Upon closing the transaction, the insider’s holdings decreased to 2,961 shares, worth approximately $2.13 million.
As published in their initiating research note from Leerink Partners on September 03, 2024, 10x Genomics Inc [TXG] has been an Outperform and the price target has been revised to $35. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of July 18, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for TXG. Earlier on July 10, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for TXG stock which previously was a “a Buy”.
Analyzing TXG Stock Performance
During the last five days, there has been a drop of approximately -5.17%. Over the course of the year, 10x Genomics Inc shares have dropped approximately -73.45%. Shares of the company reached a 52-week high of $55.96 on 01/02/24 and a 52-week low of $14.02 on 10/10/24. A 50-day SMA is recorded $21.11, while a 200-day SMA reached $29.18. Nevertheless, trading volume fell to 2.2 million shares from 2.2 million shares the previous day.
Support And Resistance Levels for 10x Genomics Inc (TXG)
According to the 24-hour chart, there is a support level at 14.50, which, if violated, would cause prices to drop to 14.15. In the upper region, resistance lies at 15.50. The next price resistance is at 16.15. RSI (Relative Strength Index) is 28.42 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.00, which suggests the price will decrease in the coming days. Percent R is at 90.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
