The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Azenta Inc shares valued at $21,958 were sold by Pirogova Olga on Nov 19 ’24. At $40.07 per share, Pirogova Olga sold 548 shares. The insider’s holdings dropped to 19,373 shares worth approximately $0.91 million following the completion of this transaction.
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Also, Hughes Violetta sold 163 shares, netting a total of over 6,531 in proceeds. Following the sale of shares at $40.07 each, the insider now holds 9,920 shares.
Before that, Zhou Ginger had sold 491 shares from its account. In a trade valued at $19,674, the SVP and General Manager, Genom traded Azenta Inc shares for $40.07 each. Upon closing the transaction, the insider’s holdings decreased to 491 shares, worth approximately $1.3 million.
As published in their initiating research note from Jefferies on April 04, 2024, Azenta Inc [AZTA] has been a Hold and the price target has been revised to $64. Analysts at B. Riley Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of July 19, 2023, Raymond James has initiated its “Mkt perform” rating for AZTA. Earlier on May 10, 2023, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “a Sector weight” for AZTA stock which previously was a “an Overweight”.
Analyzing AZTA Stock Performance
During the last five days, there has been a surge of approximately 5.51%. Over the course of the year, Azenta Inc shares have dropped approximately -27.68%. Shares of the company reached a 52-week high of $69.16 on 01/22/24 and a 52-week low of $38.82 on 11/18/24. A 50-day SMA is recorded $45.06, while a 200-day SMA reached $52.52. Nevertheless, trading volume fell to 0.56 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Azenta Inc (AZTA)
According to the 24-hour chart, there is a support level at 46.19, which, if violated, would cause prices to drop to 45.27. In the upper region, resistance lies at 47.76. The next price resistance is at 48.41. RSI (Relative Strength Index) is 60.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 30.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
