Azenta Inc’s recently made public that its President and CEO Marotta John acquired Company’s shares for reported $0.5 million on Nov 18 ’24. In the deal valued at $39.48 per share,12,717 shares were bought. As a result of this transaction, Marotta John now holds 99,612 shares worth roughly $4.08 million.
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Then, Marotta John bought 1,250 shares, generating $50,838 in total proceeds. Upon buying the shares at $40.67, the President and CEO now owns 100,862 shares.
Before that, Cornog William L bought 12,500 shares. Azenta Inc shares valued at $495,000 were divested by the Director at a price of $39.60 per share. As a result of the transaction, Cornog William L now holds 14,755 shares, worth roughly $0.6 million.
Jefferies initiated its Azenta Inc [AZTA] rating to a Hold in a research note published on April 04, 2024; the price target was $64. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Raymond James began covering AZTA with “Mkt perform” recommendation on July 19, 2023. KeyBanc Capital Markets revised its rating on May 10, 2023. It rated AZTA as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of AZTA
On Tuesday, Azenta Inc [NASDAQ:AZTA] saw its stock jump 1.34% to $40.91. Over the last five days, the stock has lost -11.05%. Azenta Inc shares have fallen nearly -37.20% since the year began. Nevertheless, the stocks have fallen -25.83% over the past one year. While a 52-week high of $69.16 was reached on 01/22/24, a 52-week low of $38.82 was recorded on 11/18/24. SMA at 50 days reached $45.34, while 200 days put it at $53.11.
Levels Of Support And Resistance For AZTA Stock
The 24-hour chart illustrates a support level at 39.63, which if violated will result in even more drops to 38.35. On the upside, there is a resistance level at 41.57. A further resistance level may holdings at 42.23. The Relative Strength Index (RSI) on the 14-day chart is 38.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.57%. Stochastics %K at 12.04% indicates the stock is a buying.
How much short interest is there in Azenta Inc?
A steep rise in short interest was recorded in Azenta Inc stocks on 2024-10-31, dropping by -0.46 million shares to a total of 4.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.81 million shares. There was a decline of -10.63%, which implies that there is a negative sentiment for the stock.
