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Ginkgo Bioworks Holdings Inc (DNA) may enjoy gains as insiders got busy in the recent days

Ginkgo Bioworks Holdings Inc’s recently made public that its Officer Che Austin acquired Company’s shares for reported $822.0 on Nov 08 ’24. In the deal valued at $8.30 per share,99 shares were bought.

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Then, Che Austin bought 99 shares, generating $831 in total proceeds.

Before that, Coen Steven P. sold 333 shares. Ginkgo Bioworks Holdings Inc shares valued at $2,523 were divested by the insider at a price of $7.58 per share. As a result of the transaction, Coen Steven P. now holds 6,456 shares, worth roughly $56554.56.

BTIG Research downgraded its Ginkgo Bioworks Holdings Inc [DNA] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in early May from “a Mkt perform” to “an Underperform”. Raymond James also remained covering DNA and has decreased its forecast on November 14, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. BTIG Research revised its rating on November 09, 2023. It rated DNA as “a Neutral” which previously was an “a Buy”.

Price Performance Review of DNA

On Monday, Ginkgo Bioworks Holdings Inc [NYSE:DNA] saw its stock jump 3.18% to $8.76. Over the last five days, the stock has gained 14.81%. Ginkgo Bioworks Holdings Inc shares have fallen nearly -87.04% since the year began. Nevertheless, the stocks have fallen -82.62% over the past one year. While a 52-week high of $75.20 was reached on 01/02/24, a 52-week low of $5.26 was recorded on 09/10/24. SMA at 50 days reached $7.65, while 200 days put it at $24.72.

Levels Of Support And Resistance For DNA Stock

The 24-hour chart illustrates a support level at 8.45, which if violated will result in even more drops to 8.15. On the upside, there is a resistance level at 9.03. A further resistance level may holdings at 9.30. The Relative Strength Index (RSI) on the 14-day chart is 58.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.67%. Stochastics %K at 47.99% indicates the stock is a holding.

How much short interest is there in Ginkgo Bioworks Holdings Inc?

A steep rise in short interest was recorded in Ginkgo Bioworks Holdings Inc stocks on 2024-10-15, growing by 1.53 million shares to a total of 7.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.35 million shares. There was a rise of 19.47%, which implies that there is a positive sentiment for the stock.

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