In a filing, Cg Oncology Inc revealed its Director Song Hong Fang unloaded Company’s shares for reported $23.0 million on Aug 29 ’24. In the deal valued at $35.36 per share,650,455 shares were sold. As a result of this transaction, Song Hong Fang now holds 586,982 shares worth roughly $23.3 million.
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Then, Unique Diamond Investments Ltd bought 424,210 shares, generating $15,000,000 in total proceeds.
Before that, Charming Jade Ltd bought 226,245 shares. Cg Oncology Inc shares valued at $8,000,000 were divested by the Director at a price of $35.36 per share.
UBS initiated its Cg Oncology Inc [CGON] rating to a Buy in a research note published on October 24, 2024; the price target was $60. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late September with a ‘”an Outperform”‘ rating. ROTH MKM began covering CGON with “Buy” recommendation on August 28, 2024. BofA Securities started covering the stock on June 28, 2024. It rated CGON as “a Buy”.
Price Performance Review of CGON
On Monday, Cg Oncology Inc [NASDAQ:CGON] saw its stock fall -0.63% to $39.69. Over the last five days, the stock has gained 7.91%. Cg Oncology Inc shares have risen nearly 6.78% since the year began. SMA at 50 days reached $36.84, while 200 days put it at $36.47.
Levels Of Support And Resistance For CGON Stock
The 24-hour chart illustrates a support level at 39.30, which if violated will result in even more drops to 38.92. On the upside, there is a resistance level at 40.27. A further resistance level may holdings at 40.86. The Relative Strength Index (RSI) on the 14-day chart is 64.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.37, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.08%. Stochastics %K at 90.18% indicates the stock is a selling.
How much short interest is there in Cg Oncology Inc?
A steep rise in short interest was recorded in Cg Oncology Inc stocks on 2024-10-15, dropping by -0.11 million shares to a total of 5.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.06 million shares. There was a decline of -1.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 20, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $55 price target.
