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An Analysis of Guardant Health Inc (GH)’s Potential Price Growth

Guardant Health Inc’s filing revealed that its Chief Information Officer Kalia Kumud unloaded Company’s shares for reported $0.2 million on Nov 18 ’24. In the deal valued at $29.25 per share,7,000 shares were sold. As a result of this transaction, Kalia Kumud now holds 17,744 shares worth roughly $0.54 million.

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Then, Kalia Kumud bought 7,000 shares, generating $204,722 in total proceeds.

Before that, Joyce Meghan V. sold 2,896 shares. Guardant Health Inc shares valued at $86,595 were divested by the Director at a price of $29.90 per share. As a result of the transaction, Joyce Meghan V. now holds 7,648 shares, worth roughly $0.23 million.

Guggenheim upgraded its Guardant Health Inc [GH] rating to a Buy from a a Neutral in a research note published on Guggenheim started covering the stock on December 14, 2023. It rated GH as “a Neutral”.

Price Performance Review of GH

On Tuesday, Guardant Health Inc [NASDAQ:GH] saw its stock jump 5.94% to $30.68. Over the last five days, the stock has gained 3.20%. Guardant Health Inc shares have risen nearly 13.42% since the year began. Nevertheless, the stocks have risen 37.24% over the past one year. While a 52-week high of $37.04 was reached on 07/30/24, a 52-week low of $15.81 was recorded on 04/19/24. SMA at 50 days reached $23.88, while 200 days put it at $24.32.

Levels Of Support And Resistance For GH Stock

The 24-hour chart illustrates a support level at 29.19, which if violated will result in even more drops to 27.69. On the upside, there is a resistance level at 31.44. A further resistance level may holdings at 32.19. The Relative Strength Index (RSI) on the 14-day chart is 69.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.09%. Stochastics %K at 66.81% indicates the stock is a holding.

How much short interest is there in Guardant Health Inc?

A steep rise in short interest was recorded in Guardant Health Inc stocks on 2024-10-31, dropping by -3.43 million shares to a total of 10.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 13.69 million shares. There was a decline of -33.48%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 13, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating.

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