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A company insider recently bought 19,500 shares of Exact Sciences Corp [EXAS]. Should You Buy?

NUE

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Exact Sciences Corp shares valued at $1,001,325 were purchased by Conroy Kevin T on Nov 13 ’24. At $51.35 per share, Conroy Kevin T acquired 19,500 shares. The insider’s holdings grew to 1,074,191 shares worth approximately $56.61 million following the completion of this transaction.

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Also, Baranick Brian sold 929 shares, netting a total of over 65,030 in proceeds. Following the sale of shares at $70.00 each, the insider now holds 12,758 shares.

Before that, Baranick Brian had added 929 shares to its account. In a trade valued at $65,030, the Officer bought Exact Sciences Corp shares for $70.00 each.

As published in their initiating research note from Wells Fargo on August 28, 2024, Exact Sciences Corp [EXAS] has been an Overweight and the price target has been revised to $75. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in late June. Earlier on January 02, 2024, The Benchmark Company upgraded its rating. Their new recommendation was “a Buy” for EXAS stock which previously was a “a Hold”.

Analyzing EXAS Stock Performance

During the last five days, there has been a surge of approximately 3.88%. Over the course of the year, Exact Sciences Corp shares have dropped approximately -28.76%. Shares of the company reached a 52-week high of $79.62 on 04/02/24 and a 52-week low of $40.62 on 06/25/24. A 50-day SMA is recorded $65.32, while a 200-day SMA reached $58.21. Nevertheless, trading volume fell to 2.14 million shares from 2.44 million shares the previous day.

Support And Resistance Levels for Exact Sciences Corp (EXAS)

According to the 24-hour chart, there is a support level at 51.48, which, if violated, would cause prices to drop to 50.25. In the upper region, resistance lies at 54.16. The next price resistance is at 55.61. RSI (Relative Strength Index) is 35.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.70, which suggests the price will decrease in the coming days. Percent R is at 81.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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