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A company insider recently sold 26,443 shares of Personalis Inc [PSNL]. Should You Sale?

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. Personalis Inc shares valued at $142,263 were sold by Hall Christopher M on Nov 01 ’24. At $5.38 per share, Hall Christopher M sold 26,443 shares. The insider’s holdings dropped to 178,098 shares worth approximately $0.77 million following the completion of this transaction.

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Also, Tempus AI, Inc. purchased 3,500,000 shares, netting a total of over 17,745,000 in proceeds. Following the buying of shares at $5.07 each, the insider now holds 12,718,800 shares.

Before that, Chen Richard had sold 524 shares from its account. In a trade valued at $1,556, the CHIEF MEDICAL OFFICER AND EVP traded Personalis Inc shares for $2.97 each. Upon closing the transaction, the insider’s holdings decreased to 524 shares, worth approximately $0.55 million.

As published in a research note from Needham on February 06, 2023, Personalis Inc [PSNL] has been rated up from a Hold to a Buy and the price target has been revised to $8. Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 07, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for PSNL. Earlier on November 05, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PSNL stock which previously was a “an Overweight”.

Analyzing PSNL Stock Performance

During the last five days, there has been a drop of approximately -14.46%. Over the course of the year, Personalis Inc shares have jumped approximately 105.71%. Shares of the company reached a 52-week high of $7.20 on 08/16/24 and a 52-week low of $1.12 on 02/08/24. A 50-day SMA is recorded $5.16, while a 200-day SMA reached $2.77. Nevertheless, trading volume fell to 2.47 million shares from 0.88 million shares the previous day.

Support And Resistance Levels for Personalis Inc (PSNL)

According to the 24-hour chart, there is a support level at 4.01, which, if violated, would cause prices to drop to 3.71. In the upper region, resistance lies at 4.84. The next price resistance is at 5.37. RSI (Relative Strength Index) is 39.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 94.34%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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