Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Guardant Health Inc shares valued at $4,043 were purchased by Tariq Musa on Dec 18 ’24. At $34.85 per share, Tariq Musa acquired 116 shares.
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Also, Tariq Musa sold 2,320 shares, netting a total of over 81,200 in proceeds. Following the sale of shares at $35.00 each, the insider now holds 2,676 shares.
Before that, Tariq Musa had added 2,320 shares to its account. In a trade valued at $81,200, the Director bought Guardant Health Inc shares for $35.00 each.
As published in a research note from Guggenheim on June 28, 2024, Guardant Health Inc [GH] has been rated up from a Neutral to a Buy and the price target has been revised to $36. Earlier on December 14, 2023, Guggenheim initiated its rating. Their recommendation was “a Neutral” for GH stock.
Analyzing GH Stock Performance
During the last five days, there has been a drop of approximately -9.25%. Over the course of the year, Guardant Health Inc shares have jumped approximately 19.63%. Shares of the company reached a 52-week high of $38.53 on 12/04/24 and a 52-week low of $15.81 on 04/19/24. A 50-day SMA is recorded $28.43, while a 200-day SMA reached $25.69. Nevertheless, trading volume fell to 1.93 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Guardant Health Inc (GH)
According to the 24-hour chart, there is a support level at 31.28, which, if violated, would cause prices to drop to 30.20. In the upper region, resistance lies at 34.25. The next price resistance is at 36.14. RSI (Relative Strength Index) is 47.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.38, which suggests the price will decrease in the coming days. Percent R is at 95.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
