Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. MaxCyte Inc shares valued at $177,403 were sold by Erck Stanley C on Nov 01 ’24. At $3.72 per share, Erck Stanley C sold 47,689 shares. The insider’s holdings dropped to 269,118 shares worth approximately $0.93 million following the completion of this transaction.
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Also, Johnston John Joseph sold 3,000 shares, netting a total of over 11,166 in proceeds. Following the sale of shares at $3.72 each, the insider now holds 141,950 shares.
Before that, Erck Stanley C had sold 26,082 shares from its account. In a trade valued at $98,590, the Director traded MaxCyte Inc shares for $3.78 each. Upon closing the transaction, the insider’s holdings decreased to 26,082 shares, worth approximately $0.93 million.
As published in their initiating research note from Craig Hallum on November 29, 2023, MaxCyte Inc [MXCT] has been a Buy and the price target has been revised to $7. As of August 24, 2021, William Blair has initiated its “an Outperform” rating for MXCT. Earlier on August 24, 2021, Wedbush initiated its rating. Their recommendation was “an Outperform” for MXCT stock.
Analyzing MXCT Stock Performance
During the last five days, there has been a surge of approximately 0.29%. Over the course of the year, MaxCyte Inc shares have dropped approximately -26.60%. Shares of the company reached a 52-week high of $5.55 on 01/12/24 and a 52-week low of $3.16 on 11/19/24. A 50-day SMA is recorded $3.74, while a 200-day SMA reached $4.18. Nevertheless, trading volume fell to 0.65 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for MaxCyte Inc (MXCT)
According to the 24-hour chart, there is a support level at 3.37, which, if violated, would cause prices to drop to 3.29. In the upper region, resistance lies at 3.52. The next price resistance is at 3.59. RSI (Relative Strength Index) is 44.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 71.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
