Neogen Corp’s filing revealed that its CEO ADENT JOHN EDWARD acquired Company’s shares for reported $0.2 million on Oct 11 ’24. In the deal valued at $13.80 per share,14,500 shares were bought. As a result of this transaction, ADENT JOHN EDWARD now holds 216,477 shares worth roughly $3.16 million.
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Then, Tobin James P bought 3,000 shares, generating $50,571 in total proceeds. Upon buying the shares at $16.86, the Director now owns 23,392 shares.
Before that, Jones Douglas Edward bought 10,000 shares. Neogen Corp shares valued at $123,590 were divested by the Chief Operating Officer at a price of $12.36 per share. As a result of the transaction, Jones Douglas Edward now holds 46,131 shares, worth roughly $0.67 million.
Wells Fargo initiated its Neogen Corp [NEOG] rating to an Overweight in a research note published on June 16, 2023; the price target was $22. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in late November from “a Mkt perform” to “an Outperform”. Piper Sandler began covering NEOG with “Neutral” recommendation on July 12, 2022. Guggenheim started covering the stock on May 23, 2019. It rated NEOG as “a Neutral”.
Price Performance Review of NEOG
On Friday, Neogen Corp [NASDAQ:NEOG] saw its stock fall -0.27% to $14.60. Over the last five days, the stock has lost -10.04%. Neogen Corp shares have fallen nearly -27.40% since the year began. Nevertheless, the stocks have fallen -9.54% over the past one year. While a 52-week high of $20.89 was reached on 01/02/24, a 52-week low of $11.46 was recorded on 04/22/24. SMA at 50 days reached $15.29, while 200 days put it at $15.32.
Levels Of Support And Resistance For NEOG Stock
The 24-hour chart illustrates a support level at 14.41, which if violated will result in even more drops to 14.22. On the upside, there is a resistance level at 14.81. A further resistance level may holdings at 15.02. The Relative Strength Index (RSI) on the 14-day chart is 45.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.78%. Stochastics %K at 33.79% indicates the stock is a holding.
How much short interest is there in Neogen Corp?
A steep rise in short interest was recorded in Neogen Corp stocks on 2024-10-31, dropping by -3.29 million shares to a total of 19.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 22.97 million shares. There was a decline of -16.73%, which implies that there is a negative sentiment for the stock.
