Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Myomo Inc shares valued at $448 were purchased by Harry Kovelman on Nov 04 ’24. At $3.70 per share, Harry Kovelman acquired 121 shares.
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Also, Harry Kovelman purchased 121 shares, netting a total of over 467 in proceeds.
Before that, Kovelman Harry had sold 6,700 shares from its account. In a trade valued at $25,183, the Chief Medical Officer traded Myomo Inc shares for $3.76 each. Upon closing the transaction, the insider’s holdings decreased to 6,700 shares, worth approximately $0.62 million.
As published in their initiating research note from Craig Hallum on July 31, 2024, Myomo Inc [MYO] has been a Buy and the price target has been revised to $7. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of December 15, 2023, H.C. Wainwright has initiated its “Buy” rating for MYO. Earlier on November 11, 2020, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for MYO stock which previously was a “a Neutral”.
Analyzing MYO Stock Performance
During the last five days, there has been a surge of approximately 37.16%. Over the course of the year, Myomo Inc shares have jumped approximately 0.20%. Shares of the company reached a 52-week high of $5.64 on 07/22/24 and a 52-week low of $2.51 on 04/16/24. A 50-day SMA is recorded $3.92, while a 200-day SMA reached $3.71. Nevertheless, trading volume fell to 0.7 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Myomo Inc (MYO)
According to the 24-hour chart, there is a support level at 4.41, which, if violated, would cause prices to drop to 3.79. In the upper region, resistance lies at 5.44. The next price resistance is at 5.85. RSI (Relative Strength Index) is 77.73 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 13.33%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
