Transmedics Group Inc’s filing revealed that its President & CEO Hassanein Waleed H unloaded Company’s shares for reported $1.14 million on Oct 15 ’24. In the deal valued at $132.71 per share,8,625 shares were sold. As a result of this transaction, Hassanein Waleed H now holds 61,643 shares worth roughly $7.72 million.
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Then, Khayal Tamer I sold 2,958 shares, generating $438,491 in total proceeds. Upon selling the shares at $148.24, the Chief Commercial Officer now owns 20,843 shares.
Before that, Hassanein Waleed H sold 8,625 shares. Transmedics Group Inc shares valued at $1,323,210 were divested by the President & CEO at a price of $153.42 per share. As a result of the transaction, Hassanein Waleed H now holds 61,643 shares, worth roughly $7.72 million.
Robert W. Baird initiated its Transmedics Group Inc [TMDX] rating to an Outperform in a research note published on September 24, 2024; the price target was $200. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Cantor Fitzgerald began covering TMDX with “an Overweight” recommendation on June 06, 2024. Stephens started covering the stock on June 04, 2024. It rated TMDX as “an Overweight”.
Price Performance Review of TMDX
On Friday, Transmedics Group Inc [NASDAQ:TMDX] saw its stock jump 2.60% to $125.17. Over the last five days, the stock has lost -1.13%. Transmedics Group Inc shares have risen nearly 58.58% since the year began. Nevertheless, the stocks have risen 214.02% over the past one year. While a 52-week high of $177.37 was reached on 08/23/24, a 52-week low of $36.42 was recorded on 03/25/24. SMA at 50 days reached $148.44, while 200 days put it at $122.06.
Levels Of Support And Resistance For TMDX Stock
The 24-hour chart illustrates a support level at 121.92, which if violated will result in even more drops to 118.68. On the upside, there is a resistance level at 127.48. A further resistance level may holdings at 129.80. The Relative Strength Index (RSI) on the 14-day chart is 37.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.28%. Stochastics %K at 22.77% indicates the stock is a holding.
How much short interest is there in Transmedics Group Inc?
A steep rise in short interest was recorded in Transmedics Group Inc stocks on 2024-10-15, growing by 0.94 million shares to a total of 6.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.5 million shares. There was a rise of 14.63%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 28, 2024 when Piper Sandler began covering the stock and recommended ‘”an Overweight”‘ rating along with a $95 price target.
