Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mimedx Group Inc shares valued at $165,637 were purchased by GARDNER PHYLLIS on Oct 10 ’24. At $5.52 per share, GARDNER PHYLLIS acquired 30,000 shares.
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Also, Hulse William Frank IV sold 20,381 shares, netting a total of over 162,029 in proceeds. Following the sale of shares at $7.95 each, the insider now holds 479,959 shares.
Before that, Whitlow Ricci S had sold 15,493 shares from its account. In a trade valued at $125,075, the Chief Operating Officer traded Mimedx Group Inc shares for $8.07 each. Upon closing the transaction, the insider’s holdings decreased to 15,493 shares, worth approximately $3.84 million.
As published in their initiating research note from Cantor Fitzgerald on July 02, 2024, Mimedx Group Inc [MDXG] has been an Overweight and the price target has been revised to $11. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of October 27, 2023, Craig Hallum has initiated its “Buy” rating for MDXG. Earlier on October 13, 2022, Mizuho initiated its rating. Their recommendation was “a Buy” for MDXG stock.
Analyzing MDXG Stock Performance
During the last five days, there has been a surge of approximately 24.06%. Over the course of the year, Mimedx Group Inc shares have jumped approximately 5.25%. Shares of the company reached a 52-week high of $9.32 on 11/14/24 and a 52-week low of $5.47 on 10/10/24. A 50-day SMA is recorded $6.24, while a 200-day SMA reached $6.98. Nevertheless, trading volume fell to 5.28 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Mimedx Group Inc (MDXG)
According to the 24-hour chart, there is a support level at 8.19, which, if violated, would cause prices to drop to 7.16. In the upper region, resistance lies at 9.79. The next price resistance is at 10.36. RSI (Relative Strength Index) is 86.51 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.92, which suggests the price will decrease in the coming days. Percent R is at 2.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
