In a filing, Mimedx Group Inc revealed its Former Director GARDNER PHYLLIS acquired Company’s shares for reported $0.17 million on Oct 10 ’24. In the deal valued at $5.52 per share,30,000 shares were bought.
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Then, Hulse William Frank IV sold 20,381 shares, generating $162,029 in total proceeds. Upon selling the shares at $7.95, the General Counsel and CAO now owns 479,959 shares.
Before that, Whitlow Ricci S sold 15,493 shares. Mimedx Group Inc shares valued at $125,075 were divested by the Chief Operating Officer at a price of $8.07 per share. As a result of the transaction, Whitlow Ricci S now holds 416,321 shares, worth roughly $3.81 million.
Cantor Fitzgerald initiated its Mimedx Group Inc [MDXG] rating to an Overweight in a research note published on July 02, 2024; the price target was $11. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Craig Hallum began covering MDXG with “Buy” recommendation on October 27, 2023. Mizuho started covering the stock on October 13, 2022. It rated MDXG as “a Buy”.
Price Performance Review of MDXG
On Friday, Mimedx Group Inc [NASDAQ:MDXG] saw its stock fall -2.97% to $9.16. Over the last five days, the stock has lost -5.37%. Mimedx Group Inc shares have risen nearly 4.45% since the year began. Nevertheless, the stocks have risen 10.23% over the past one year. While a 52-week high of $10.14 was reached on 12/10/24, a 52-week low of $5.47 was recorded on 10/10/24. SMA at 50 days reached $7.57, while 200 days put it at $7.11.
Levels Of Support And Resistance For MDXG Stock
The 24-hour chart illustrates a support level at 9.02, which if violated will result in even more drops to 8.88. On the upside, there is a resistance level at 9.35. A further resistance level may holdings at 9.54. The Relative Strength Index (RSI) on the 14-day chart is 57.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.22%. Stochastics %K at 31.59% indicates the stock is a holding.
How much short interest is there in Mimedx Group Inc?
A steep rise in short interest was recorded in Mimedx Group Inc stocks on 2024-11-29, dropping by -0.58 million shares to a total of 3.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.0 million shares. There was a decline of -17.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 26, 2021 when Northland Capital began covering the stock and recommended ‘”an Outperform”‘ rating along with a $23 price target.
