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 $89,499 were sold by Khayal Tamer I on Nov 01 ’24. At $82.64 per share, Khayal Tamer I sold 1,083 shares. The insider’s holdings dropped to 20,843 shares worth approximately $1.8 million following the completion of this transaction.
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Also, EDWARD BASILE purchased 6,750 shares, netting a total of over 564,008 in proceeds.
Before that, Tamer Khayal had added 7,625 shares to its account. In a trade valued at $625,021, the Officer bought Transmedics Group Inc shares for $81.97 each.
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 surge of approximately 5.41%. Over the course of the year, Transmedics Group Inc shares have jumped approximately 9.40%. 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 $135.31, while a 200-day SMA reached $122.35. Nevertheless, trading volume fell to 1.5 million shares from 1.15 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 83.92, which, if violated, would cause prices to drop to 81.49. In the upper region, resistance lies at 87.99. The next price resistance is at 89.63. RSI (Relative Strength Index) is 25.41 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.17, which suggests the price will decrease in the coming days. Percent R is at 88.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
