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Potential Price Increase for Hologic, Inc (HOLX) After Recent Insider Activity

In a filing, Hologic, Inc revealed its Chief Financial Officer Oberton Karleen Marie unloaded Company’s shares for reported $4.24 million on Aug 29 ’24. In the deal valued at $80.56 per share,52,679 shares were sold. As a result of this transaction, Oberton Karleen Marie now holds 84,042 shares worth roughly $6.7 million.

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Then, Oberton Karleen Marie bought 52,679 shares, generating $4,243,657 in total proceeds.

Before that, Schnittker Brandon sold 476 shares. Hologic, Inc shares valued at $39,559 were divested by the Div. President, GYN Surgical at a price of $83.11 per share. As a result of the transaction, Schnittker Brandon now holds 3,735 shares, worth roughly $0.3 million.

Citigroup downgraded its Hologic, Inc [HOLX] rating to a Neutral from a a Buy in a research note published on October 01, 2024; the price target was decreased to $85 from $95. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. Citigroup also remained covering HOLX and has increased its forecast on April 03, 2024 with a “Buy” recommendation from previously “Neutral” rating. Needham revised its rating on July 14, 2023. It rated HOLX as “a Buy” which previously was an “a Hold”.

Price Performance Review of HOLX

On Monday, Hologic, Inc [NASDAQ:HOLX] saw its stock jump 0.96% to $79.73. Over the last five days, the stock has gained 1.19%. Hologic, Inc shares have risen nearly 11.59% since the year began. Nevertheless, the stocks have risen 11.14% over the past one year. While a 52-week high of $84.67 was reached on 08/09/24, a 52-week low of $67.59 was recorded on 01/02/24. SMA at 50 days reached $80.39, while 200 days put it at $77.66.

Levels Of Support And Resistance For HOLX Stock

The 24-hour chart illustrates a support level at 79.30, which if violated will result in even more drops to 78.88. On the upside, there is a resistance level at 80.11. A further resistance level may holdings at 80.50. The Relative Strength Index (RSI) on the 14-day chart is 50.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.68%. Stochastics %K at 40.92% indicates the stock is a holding.

How much short interest is there in Hologic, Inc?

A steep rise in short interest was recorded in Hologic, Inc stocks on 2024-10-31, dropping by -0.69 million shares to a total of 4.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.53 million shares. There was a decline of -14.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 07, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $75 price target.

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