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Potential Price Increase for Repligen Corp (RGEN) After Recent Insider Activity

Repligen Corp’s recently made public that its Director Hunt Anthony unloaded Company’s shares for reported $3.39 million on Nov 21 ’24. In the deal valued at $139.67 per share,24,246 shares were sold. As a result of this transaction, Hunt Anthony now holds 139,840 shares worth roughly $20.43 million.

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Then, Anthony Hunt bought 24,246 shares, generating $3,386,311 in total proceeds.

Before that, Hunt Anthony sold 22,191 shares. Repligen Corp shares valued at $3,225,927 were divested by the Director at a price of $145.37 per share. As a result of the transaction, Hunt Anthony now holds 139,840 shares, worth roughly $20.43 million.

Wolfe Research initiated its Repligen Corp [RGEN] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Deutsche Bank also remained covering RGEN and has increased its forecast on June 26, 2024 with a “Buy” recommendation from previously “Hold” rating. Guggenheim started covering the stock on June 18, 2024. It rated RGEN as “a Neutral”.

Price Performance Review of RGEN

On Monday, Repligen Corp [NASDAQ:RGEN] saw its stock jump 2.44% to $146.06. Over the last five days, the stock has gained 18.35%. Repligen Corp shares have fallen nearly -18.77% since the year began. Nevertheless, the stocks have fallen -9.72% over the past one year. While a 52-week high of $211.13 was reached on 02/16/24, a 52-week low of $113.50 was recorded on 06/20/24. SMA at 50 days reached $140.38, while 200 days put it at $155.41.

Levels Of Support And Resistance For RGEN Stock

The 24-hour chart illustrates a support level at 143.19, which if violated will result in even more drops to 140.31. On the upside, there is a resistance level at 148.48. A further resistance level may holdings at 150.89. The Relative Strength Index (RSI) on the 14-day chart is 55.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.55%. Stochastics %K at 66.59% indicates the stock is a holding.

How much short interest is there in Repligen Corp?

A steep rise in short interest was recorded in Repligen Corp stocks on 2024-10-31, dropping by -0.5 million shares to a total of 3.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.8 million shares. There was a decline of -15.26%, which implies that there is a negative sentiment for the stock.

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