Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Neogenomics Inc shares valued at $79,475 were sold by Olivo Alicia C on Nov 15 ’24. At $15.36 per share, Olivo Alicia C sold 5,175 shares. The insider’s holdings dropped to 37,129 shares worth approximately $0.67 million following the completion of this transaction.
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Also, ALICIA OLIVO purchased 5,175 shares, netting a total of over 81,713 in proceeds.
Before that, Olivo Alicia C had sold 1,040 shares from its account. In a trade valued at $16,695, the General Counsel traded Neogenomics Inc shares for $16.05 each. Upon closing the transaction, the insider’s holdings decreased to 1,040 shares, worth approximately $0.79 million.
Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in late December. As of August 21, 2023, Stephens has increased its “an Equal-weight” rating to a “an Overweight” for NEO. Earlier on May 16, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for NEO stock which previously was a “an Outperform”.
Analyzing NEO Stock Performance
During the last five days, there has been a surge of approximately 4.83%. Over the course of the year, Neogenomics Inc shares have jumped approximately 11.31%. Shares of the company reached a 52-week high of $18.36 on 12/04/24 and a 52-week low of $12.77 on 10/10/24. A 50-day SMA is recorded $14.83, while a 200-day SMA reached $14.99. Nevertheless, trading volume fell to 0.5 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Neogenomics Inc (NEO)
According to the 24-hour chart, there is a support level at 17.59, which, if violated, would cause prices to drop to 17.18. In the upper region, resistance lies at 18.39. The next price resistance is at 18.77. RSI (Relative Strength Index) is 74.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.39, which suggests the price will increase in the coming days. Percent R is at 9.75%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
