Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cg Oncology Inc. shares valued at $23,000,089 were sold by Song Hong Fang on Aug 29 ’24. At $35.36 per share, Song Hong Fang sold 650,455 shares. The insider’s holdings dropped to 586,982 shares worth approximately $20.9 million following the completion of this transaction.
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Also, Unique Diamond Investments Ltd purchased 424,210 shares, netting a total of over 15,000,000 in proceeds.
Before that, Charming Jade Ltd had added 226,245 shares to its account. In a trade valued at $8,000,000, the Director bought Cg Oncology Inc. shares for $35.36 each.
As published in their initiating research note from RBC Capital Mkts on September 23, 2024, Cg Oncology Inc. [CGON] has been an Outperform and the price target has been revised to $66. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of June 28, 2024, BofA Securities has initiated its “Buy” rating for CGON. Earlier on February 20, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for CGON stock.
Analyzing CGON Stock Performance
During the last five days, there has been a drop of approximately -3.89%. Over the course of the year, Cg Oncology Inc. shares have dropped approximately -4.20%. Nevertheless, trading volume fell to 0.59 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Cg Oncology Inc. (CGON)
According to the 24-hour chart, there is a support level at 34.62, which, if violated, would cause prices to drop to 33.64. In the upper region, resistance lies at 36.90. The next price resistance is at 38.20. RSI (Relative Strength Index) is 45.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 55.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
