Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Regenxbio Inc shares valued at $101,052 were sold by KARABELAS ARGERIS N on Oct 01 ’24. At $10.11 per share, KARABELAS ARGERIS N sold 10,000 shares. The insider’s holdings dropped to 11,286 shares worth approximately $0.12 million following the completion of this transaction.
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Also, KARABELAS ARGERIS N sold 10,000 shares, netting a total of over 115,588 in proceeds. Following the sale of shares at $11.56 each, the insider now holds 11,286 shares.
Before that, KARABELAS ARGERIS N had sold 10,100 shares from its account. In a trade valued at $136,454, the Director traded Regenxbio Inc shares for $13.51 each. Upon closing the transaction, the insider’s holdings decreased to 10,100 shares, worth approximately $0.12 million.
Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of March 11, 2024, H.C. Wainwright has initiated its “Buy” rating for RGNX. Earlier on March 08, 2024, RBC Capital Mkts upgraded its rating. Their new recommendation was “an Outperform” for RGNX stock which previously was a “a Sector perform”.
Analyzing RGNX Stock Performance
During the last five days, there has been a surge of approximately 13.15%. Over the course of the year, Regenxbio Inc shares have dropped approximately -40.56%. Shares of the company reached a 52-week high of $28.80 on 03/05/24 and a 52-week low of $8.53 on 11/01/24. A 50-day SMA is recorded $10.54, while a 200-day SMA reached $14.34. Nevertheless, trading volume fell to 0.57 million shares from 0.67 million shares the previous day.
Support And Resistance Levels for Regenxbio Inc (RGNX)
According to the 24-hour chart, there is a support level at 10.36, which, if violated, would cause prices to drop to 10.05. In the upper region, resistance lies at 10.85. The next price resistance is at 11.04. RSI (Relative Strength Index) is 55.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.18, which suggests the price will increase in the coming days. Percent R is at 42.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
