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. Ocugen Inc shares valued at $9,095 were purchased by Fernandes Prabhavathi on Nov 26 ’24. At $0.91 per share, Fernandes Prabhavathi acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $7500.0 following the completion of this transaction.
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Also, Castillo Kirsten purchased 25,000 shares, netting a total of over 22,848 in proceeds. Following the buying of shares at $0.91 each, the insider now holds 75,000 shares.
Before that, RAMESH KUMAR had added 116,705 shares to its account. In a trade valued at $145,905, the Director bought Ocugen Inc shares for $1.25 each.
As published in their initiating research note from Maxim Group on October 15, 2024, Ocugen Inc [OCGN] has been a Buy and the price target has been revised to $4. Analysts at Chardan Capital Markets upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of August 23, 2022, Mizuho has initiated its “Buy” rating for OCGN.
Analyzing OCGN Stock Performance
During the last five days, there has been a drop of approximately -13.28%. Over the course of the year, Ocugen Inc shares have jumped approximately 31.22%. Shares of the company reached a 52-week high of $2.1050 on 03/25/24 and a 52-week low of $0.4905 on 01/19/24. A 50-day SMA is recorded $0.9299, while a 200-day SMA reached $1.2976. Nevertheless, trading volume fell to 9.13 million shares from 3.1 million shares the previous day.
Support And Resistance Levels for Ocugen Inc (OCGN)
According to the 24-hour chart, there is a support level at 0.7167, which, if violated, would cause prices to drop to 0.6788. In the upper region, resistance lies at 0.8174. The next price resistance is at 0.8802. RSI (Relative Strength Index) is 30.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0629, which suggests the price will decrease in the coming days. Percent R is at 95.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
