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. Hologic, Inc shares valued at $1,897,482 were sold by Mitchell Essex D on Dec 04 ’24. At $76.34 per share, Mitchell Essex D sold 24,856 shares. The insider’s holdings dropped to 27,957 shares worth approximately $2.11 million following the completion of this transaction.
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Also, Mitchell Essex D purchased 24,856 shares, netting a total of over 1,897,484 in proceeds.
Before that, Oberton Karleen Marie had sold 52,679 shares from its account. In a trade valued at $4,243,662, the Chief Financial Officer traded Hologic, Inc shares for $80.56 each. Upon closing the transaction, the insider’s holdings decreased to 52,679 shares, worth approximately $6.35 million.
As published in a research note from Needham on December 10, 2024, Hologic, Inc [HOLX] has been retained to a Buy and the price target has been revised to $90. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. As of October 01, 2024, Citigroup has decreased its “Buy” rating to a “Neutral” for HOLX. Earlier on June 27, 2024, Stephens initiated its rating. Their recommendation was “an Overweight” for HOLX stock.
Analyzing HOLX Stock Performance
During the last five days, there has been a drop of approximately -1.74%. Over the course of the year, Hologic, Inc shares have jumped approximately 5.71%. Shares of the company reached a 52-week high of $84.67 on 08/09/24 and a 52-week low of $70.53 on 01/02/24. A 50-day SMA is recorded $79.54, while a 200-day SMA reached $77.81. Nevertheless, trading volume fell to 3.15 million shares from 3.91 million shares the previous day.
Support And Resistance Levels for Hologic, Inc (HOLX)
According to the 24-hour chart, there is a support level at 74.39, which, if violated, would cause prices to drop to 73.24. In the upper region, resistance lies at 77.00. The next price resistance is at 78.46. RSI (Relative Strength Index) is 36.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.68, which suggests the price will decrease in the coming days. Percent R is at 81.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
