Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. enGene Holdings Inc shares valued at $57,000 were purchased by Cooper Ronald Harold Wilfred on Sep 27 ’24. At $5.70 per share, Cooper Ronald Harold Wilfred acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $93000.0 following the completion of this transaction.
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Also, FONDS DE SOLIDARITE DES TRAVAI sold 47,854 shares, netting a total of over 717,810 in proceeds. Following the sale of shares at $15.00 each, the insider now holds 3,036,153 shares.
Before that, FONDS DE SOLIDARITE DES TRAVAI had sold 4,575 shares from its account. In a trade valued at $68,671, the 10% Owner traded enGene Holdings Inc shares for $15.01 each. Upon closing the transaction, the insider’s holdings decreased to 4,575 shares, worth approximately $28.68 million.
As published in their initiating research note from Oppenheimer on August 28, 2024, enGene Holdings Inc [ENGN] has been an Outperform and the price target has been revised to $30. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late April. As of April 15, 2024, Guggenheim has initiated its “Buy” rating for ENGN. Earlier on March 28, 2024, UBS initiated its rating. Their recommendation was “a Buy” for ENGN stock.
Analyzing ENGN Stock Performance
During the last five days, there has been a surge of approximately 35.57%. Over the course of the year, enGene Holdings Inc shares have jumped approximately 0.76%. A 50-day SMA is recorded $6.66, while a 200-day SMA reached $10.58.
Support And Resistance Levels for enGene Holdings Inc (ENGN)
According to the 24-hour chart, there is a support level at 8.23, which, if violated, would cause prices to drop to 7.16. In the upper region, resistance lies at 10.68. The next price resistance is at 12.07. RSI (Relative Strength Index) is 76.66 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.51, which suggests the price will increase in the coming days. Percent R is at 32.95%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
