Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Emergent Biosolutions Inc shares valued at $272,750 were sold by DeGolyer Donald W on Nov 12 ’24. At $10.91 per share, DeGolyer Donald W sold 25,000 shares. The insider’s holdings dropped to 111,100 shares worth approximately $1.04 million following the completion of this transaction.
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Also, White Marvin L sold 14,287 shares, netting a total of over 171,015 in proceeds. Following the sale of shares at $11.97 each, the insider now holds 54,092 shares.
Before that, DeGolyer Donald W had added 25,000 shares to its account. In a trade valued at $294,250, the Director bought Emergent Biosolutions Inc shares for $11.77 each.
As published in their initiating research note from Rodman & Renshaw on August 22, 2024, Emergent Biosolutions Inc [EBS] has been a Buy and the price target has been revised to $16. Analysts at The Benchmark Company upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early March. Earlier on August 29, 2023, The Benchmark Company downgraded its rating. Their new recommendation was “a Hold” for EBS stock which previously was a “a Buy”.
Analyzing EBS Stock Performance
During the last five days, there has been a surge of approximately 1.40%. Over the course of the year, Emergent Biosolutions Inc shares have jumped approximately 291.67%. Shares of the company reached a 52-week high of $15.10 on 07/30/24 and a 52-week low of $1.42 on 02/06/24. A 50-day SMA is recorded $8.75, while a 200-day SMA reached $6.47. Nevertheless, trading volume fell to 1.28 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for Emergent Biosolutions Inc (EBS)
According to the 24-hour chart, there is a support level at 8.89, which, if violated, would cause prices to drop to 8.39. In the upper region, resistance lies at 9.84. The next price resistance is at 10.29. RSI (Relative Strength Index) is 50.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 66.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
