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Keeping an Eye on Myriad Genetics, Inc (MYGN) After Insider Trading Activity

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In a filing, Myriad Genetics, Inc revealed its President and CEO DIAZ PAUL J unloaded Company’s shares for reported $0.34 million on Oct 11 ’24. In the deal valued at $22.93 per share,15,000 shares were sold. As a result of this transaction, DIAZ PAUL J now holds 962,378 shares worth roughly $14.65 million.

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Then, DIAZ PAUL J bought 15,000 shares, generating $343,950 in total proceeds.

Before that, Ancona Margaret bought 11,538 shares. Myriad Genetics, Inc shares valued at $321,019 were divested by the Officer at a price of $27.82 per share.

Morgan Stanley initiated its Myriad Genetics, Inc [MYGN] rating to an Equal-weight in a research note published on September 19, 2024; the price target was $32. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Scotiabank began covering MYGN with “Sector outperform” recommendation on June 27, 2024.

Price Performance Review of MYGN

On Monday, Myriad Genetics, Inc [NASDAQ:MYGN] saw its stock fall -0.20% to $15.22. Over the last five days, the stock has lost -12.07%. Myriad Genetics, Inc shares have fallen nearly -20.48% since the year began. Nevertheless, the stocks have fallen -11.56% over the past one year. While a 52-week high of $29.30 was reached on 09/18/24, a 52-week low of $15.18 was recorded on 11/18/24. SMA at 50 days reached $23.19, while 200 days put it at $23.56.

Levels Of Support And Resistance For MYGN Stock

The 24-hour chart illustrates a support level at 14.92, which if violated will result in even more drops to 14.61. On the upside, there is a resistance level at 15.52. A further resistance level may holdings at 15.81. The Relative Strength Index (RSI) on the 14-day chart is 16.11, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.13%. Stochastics %K at 2.27% indicates the stock is a buying.

How much short interest is there in Myriad Genetics, Inc?

A steep rise in short interest was recorded in Myriad Genetics, Inc stocks on 2024-10-31, growing by 0.29 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.19 million shares. There was a rise of 6.51%, which implies that there is a positive sentiment for the stock.

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