Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. enGene Holdings Inc shares valued at $4,999,993 were purchased by Forbion Growth Opportunities F on Oct 30 ’24. At $8.90 per share, Forbion Growth Opportunities F acquired 561,797 shares. The insider’s holdings grew to 3,032,430 shares worth approximately $26.11 million following the completion of this transaction.
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Also, Forbion Growth Opportunities F purchased 341,332 shares, netting a total of over 2,163,362 in proceeds. Following the buying of shares at $6.34 each, the insider now holds 2,400,791 shares.
Before that, Forbion Growth Opportunities F had added 41,639 shares to its account. In a trade valued at $248,699, the 10% Owner bought enGene Holdings Inc shares for $5.97 each. Upon closing the transaction, the insider’s holdings increased to 41,639 shares, worth approximately $17.73 million.
As published in their initiating research note from Raymond James on November 27, 2024, enGene Holdings Inc [ENGN] has been an Outperform and the price target has been revised to $23. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in mid November. As of August 28, 2024, Oppenheimer has initiated its “an Outperform” rating for ENGN. Earlier on April 22, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for ENGN stock.
Analyzing ENGN Stock Performance
During the last five days, there has been a surge of approximately 14.80%. Over the course of the year, enGene Holdings Inc shares have dropped approximately -6.72%. Shares of the company reached a 52-week high of $18.40 on 03/26/24 and a 52-week low of $4.42 on 09/26/24. A 50-day SMA is recorded $7.84, while a 200-day SMA reached $10.68. Nevertheless, trading volume fell to 79977.0 shares from 30300.0 shares the previous day.
Support And Resistance Levels for enGene Holdings Inc (ENGN)
According to the 24-hour chart, there is a support level at 8.16, which, if violated, would cause prices to drop to 7.70. In the upper region, resistance lies at 9.11. The next price resistance is at 9.60. RSI (Relative Strength Index) is 57.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.51, which suggests the price will decrease in the coming days. Percent R is at 29.19%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
