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. Geovax Labs Inc shares valued at $15,600 were purchased by DODD DAVID A on Aug 09 ’24. At $1.95 per share, DODD DAVID A acquired 8,000 shares. The insider’s holdings grew to 26,661 shares worth approximately $58387.59 following the completion of this transaction.
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Also, DODD DAVID A purchased 8,209 shares, netting a total of over 18,663 in proceeds. Following the buying of shares at $2.27 each, the insider now holds 18,661 shares.
Before that, DODD DAVID A had added 520 shares to its account. In a trade valued at $1,118, the President, CEO bought Geovax Labs Inc shares for $2.15 each. Upon closing the transaction, the insider’s holdings increased to 520 shares, worth approximately $22889.88.
As published in their initiating research note from Alliance Global Partners on November 11, 2024, Geovax Labs Inc [GOVX] has been a Buy and the price target has been revised to $15. Analysts at ROTH MKM started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of November 19, 2020, Maxim Group has initiated its “Buy” rating for GOVX.
Analyzing GOVX Stock Performance
During the last five days, there has been a drop of approximately -19.19%. Over the course of the year, Geovax Labs Inc shares have dropped approximately -59.56%. Shares of the company reached a 52-week high of $11.18 on 08/19/24 and a 52-week low of $1.09 on 06/18/24. A 50-day SMA is recorded $2.30, while a 200-day SMA reached $2.45. Nevertheless, trading volume fell to 0.51 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Geovax Labs Inc (GOVX)
According to the 24-hour chart, there is a support level at 2.13, which, if violated, would cause prices to drop to 2.08. In the upper region, resistance lies at 2.28. The next price resistance is at 2.38. RSI (Relative Strength Index) is 42.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 97.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
