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Wells Fargo gives an Equal weight recommendation for GeneDx Holdings Corp (WGS)

GeneDx Holdings Corp’s recently made public that its CHIEF FINANCIAL OFFICER Feeley Kevin unloaded Company’s shares for reported $0.89 million on Nov 21 ’24. In the deal valued at $73.76 per share,12,019 shares were sold. As a result of this transaction, Feeley Kevin now holds 32,932 shares worth roughly $2.65 million.

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Then, Feeley Kevin sold 9,981 shares, generating $759,242 in total proceeds. Upon selling the shares at $76.07, the CHIEF FINANCIAL OFFICER now owns 22,951 shares.

Before that, Ryan Jason sold 31,510 shares. GeneDx Holdings Corp shares valued at $2,246,130 were divested by the Director at a price of $71.28 per share. As a result of the transaction, Ryan Jason now holds 15,490 shares, worth roughly $1.25 million.

Wells Fargo initiated its GeneDx Holdings Corp [WGS] rating to an Equal weight in a research note published on August 28, 2024; the price target was $34. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating.

Price Performance Review of WGS

On Monday, GeneDx Holdings Corp [NASDAQ:WGS] saw its stock jump 2.22% to $80.46. Over the last five days, the stock has gained 13.16%. GeneDx Holdings Corp shares have risen nearly 2825.82% since the year began. Nevertheless, the stocks have risen 4897.52% over the past one year. While a 52-week high of $89.11 was reached on 10/30/24, a 52-week low of $1.41 was recorded on 01/02/24. SMA at 50 days reached $60.46, while 200 days put it at $31.23.

Levels Of Support And Resistance For WGS Stock

The 24-hour chart illustrates a support level at 76.29, which if violated will result in even more drops to 72.11. On the upside, there is a resistance level at 83.52. A further resistance level may holdings at 86.57. The Relative Strength Index (RSI) on the 14-day chart is 63.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.03%. Stochastics %K at 64.34% indicates the stock is a holding.

How much short interest is there in GeneDx Holdings Corp?

A steep rise in short interest was recorded in GeneDx Holdings Corp stocks on 2024-10-31, growing by 0.4 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.21 million shares. There was a rise of 15.31%, which implies that there is a positive sentiment for the stock.

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