Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GeneDx Holdings Corp shares valued at $2,246,130 were sold by Ryan Jason on Nov 19 ’24. At $71.28 per share, Ryan Jason sold 31,510 shares. The insider’s holdings dropped to 15,490 shares worth approximately $1.12 million following the completion of this transaction.
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Also, Ryan Jason sold 15,490 shares, netting a total of over 1,070,749 in proceeds. Following the sale of shares at $69.13 each, the insider now holds 0 shares.
Before that, Feeley Kevin had added 22,000 shares to its account. In a trade valued at $1,600,000, the Officer bought GeneDx Holdings Corp shares for $72.73 each.
As published in their initiating research note from Wells Fargo on August 28, 2024, GeneDx Holdings Corp [WGS] has been an Equal weight and the price target has been revised to $34. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in early July.
Analyzing WGS Stock Performance
During the last five days, there has been a drop of approximately -2.25%. Over the course of the year, GeneDx Holdings Corp shares have jumped approximately 2520.73%. Shares of the company reached a 52-week high of $89.11 on 10/30/24 and a 52-week low of $2.47 on 01/02/24. A 50-day SMA is recorded $58.79, while a 200-day SMA reached $30.48. Nevertheless, trading volume fell to 0.68 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for GeneDx Holdings Corp (WGS)
According to the 24-hour chart, there is a support level at 68.88, which, if violated, would cause prices to drop to 65.70. In the upper region, resistance lies at 75.37. The next price resistance is at 78.68. RSI (Relative Strength Index) is 55.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.99, which suggests the price will decrease in the coming days. Percent R is at 64.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
