The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Transmedics Group Inc shares valued at $1,144,648 were sold by Hassanein Waleed H on Oct 15 ’24. At $132.71 per share, Hassanein Waleed H sold 8,625 shares. The insider’s holdings dropped to 61,643 shares worth approximately $5.05 million following the completion of this transaction.
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Also, Khayal Tamer I sold 2,958 shares, netting a total of over 438,491 in proceeds. Following the sale of shares at $148.24 each, the insider now holds 20,843 shares.
Before that, Hassanein Waleed H had sold 8,625 shares from its account. In a trade valued at $1,323,210, the President & CEO traded Transmedics Group Inc shares for $153.42 each. Upon closing the transaction, the insider’s holdings decreased to 8,625 shares, worth approximately $5.05 million.
As published in a research note from Oppenheimer on October 29, 2024, Transmedics Group Inc [TMDX] has been retained to an Outperform and the price target has been revised to $125. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in late October. As of September 24, 2024, Robert W. Baird has initiated its “an Outperform” rating for TMDX. Earlier on August 21, 2024, Needham initiated its rating. Their recommendation was “a Buy” for TMDX stock.
Analyzing TMDX Stock Performance
During the last five days, there has been a drop of approximately -30.96%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 3.79%. Shares of the company reached a 52-week high of $177.37 on 08/23/24 and a 52-week low of $69.43 on 03/25/24. A 50-day SMA is recorded $144.30, while a 200-day SMA reached $122.32. Nevertheless, trading volume fell to 4.5 million shares from 11.7 million shares the previous day.
Support And Resistance Levels for Transmedics Group Inc (TMDX)
According to the 24-hour chart, there is a support level at 79.17, which, if violated, would cause prices to drop to 76.43. In the upper region, resistance lies at 87.04. The next price resistance is at 92.17. RSI (Relative Strength Index) is 18.03 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -22.18, which suggests the price will decrease in the coming days. Percent R is at 99.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
