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AZTA (Azenta Inc) may reap gains as insiders became active recently

Azenta Inc’s recently made public that its EVP, Chief Financial Officer Cueto Herman unloaded Company’s shares for reported $69670.0 on Oct 17 ’24. In the deal valued at $43.68 per share,1,595 shares were sold. As a result of this transaction, Cueto Herman now holds 24,604 shares worth roughly $1.13 million.

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Then, JASON JOSEPH bought 1,000 shares, generating $62,050 in total proceeds.

Jefferies initiated its Azenta Inc [AZTA] rating to a Hold in a research note published on April 04, 2024; the price target was $64. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Raymond James began covering AZTA with “Mkt perform” recommendation on July 19, 2023. KeyBanc Capital Markets revised its rating on May 10, 2023. It rated AZTA as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of AZTA

On Tuesday, Azenta Inc [NASDAQ:AZTA] saw its stock jump 0.33% to $45.99. Over the last five days, the stock has lost -0.38%. Azenta Inc shares have fallen nearly -29.40% since the year began. Nevertheless, the stocks have fallen -3.24% over the past one year. While a 52-week high of $69.16 was reached on 01/22/24, a 52-week low of $40.24 was recorded on 10/24/24. SMA at 50 days reached $45.83, while 200 days put it at $53.71.

Levels Of Support And Resistance For AZTA Stock

The 24-hour chart illustrates a support level at 45.11, which if violated will result in even more drops to 44.24. On the upside, there is a resistance level at 46.99. A further resistance level may holdings at 48.00. The Relative Strength Index (RSI) on the 14-day chart is 55.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 30.13%. Stochastics %K at 64.36% indicates the stock is a holding.

How much short interest is there in Azenta Inc?

A steep rise in short interest was recorded in Azenta Inc stocks on 2024-10-31, dropping by -0.46 million shares to a total of 4.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.81 million shares. There was a decline of -10.63%, which implies that there is a negative sentiment for the stock.

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