Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Castle Biosciences Inc shares valued at $102,657 were sold by MAETZOLD DEREK J on Nov 04 ’24. At $32.54 per share, MAETZOLD DEREK J sold 3,155 shares. The insider’s holdings dropped to 6,450 shares worth approximately $0.21 million following the completion of this transaction.
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Also, MAETZOLD DEREK J sold 1,972 shares, netting a total of over 64,163 in proceeds. Following the sale of shares at $32.54 each, the insider now holds 89,692 shares.
Before that, Juvenal Tobin W had sold 3,100 shares from its account. In a trade valued at $109,709, the Chief Commercial Officer traded Castle Biosciences Inc shares for $35.39 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $1.77 million.
As published in their initiating research note from Guggenheim on December 14, 2023, Castle Biosciences Inc [CSTL] has been a Buy and the price target has been revised to $25. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early January. As of January 07, 2022, Stephens has initiated its “an Overweight” rating for CSTL. Earlier on April 30, 2021, Lake Street initiated its rating. Their recommendation was “a Buy” for CSTL stock.
Analyzing CSTL Stock Performance
During the last five days, there has been a drop of approximately -5.44%. Over the course of the year, Castle Biosciences Inc shares have jumped approximately 51.34%. Shares of the company reached a 52-week high of $35.84 on 11/05/24 and a 52-week low of $16.97 on 07/05/24. A 50-day SMA is recorded $30.76, while a 200-day SMA reached $24.54. Nevertheless, trading volume fell to 0.65 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Castle Biosciences Inc (CSTL)
According to the 24-hour chart, there is a support level at 31.29, which, if violated, would cause prices to drop to 29.91. In the upper region, resistance lies at 34.27. The next price resistance is at 35.87. RSI (Relative Strength Index) is 53.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.22, which suggests the price will decrease in the coming days. Percent R is at 65.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
