Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GeneDx Holdings Corp shares valued at $82,747,150 were purchased by ICAHN SCHOOL OF MEDICINE AT MO on Oct 31 ’24. At $81.69 per share, ICAHN SCHOOL OF MEDICINE AT MO acquired 1,012,941 shares.
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Also, Feeley Kevin sold 274 shares, netting a total of over 18,248 in proceeds. Following the sale of shares at $66.60 each, the insider now holds 44,951 shares.
Before that, Stueland Katherine had sold 2,154 shares from its account. In a trade valued at $143,456, the Chief Executive Officer traded GeneDx Holdings Corp shares for $66.60 each. Upon closing the transaction, the insider’s holdings decreased to 2,154 shares, worth approximately $8.61 million.
As published in their initiating research note from Wells Fargo on August 28, 2024, GeneDx Holdings Corp [WGS] has been an Equal weight and the price target has been revised to $34. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early July.
Analyzing WGS Stock Performance
During the last five days, there has been a surge of approximately 38.25%. Over the course of the year, GeneDx Holdings Corp shares have jumped approximately 2870.55%. Shares of the company reached a 52-week high of $89.11 on 10/30/24 and a 52-week low of $2.47 on 01/02/24. A 50-day SMA is recorded $46.64, while a 200-day SMA reached $25.19. Nevertheless, trading volume fell to 0.77 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for GeneDx Holdings Corp (WGS)
According to the 24-hour chart, there is a support level at 78.47, which, if violated, would cause prices to drop to 75.25. In the upper region, resistance lies at 84.13. The next price resistance is at 86.56. RSI (Relative Strength Index) is 77.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 19.29, which suggests the price will increase in the coming days. Percent R is at 21.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
