Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Generation Bio Co shares valued at $18,410 were sold by Paone Antoinette on Jul 01 ’24. At $2.74 per share, Paone Antoinette sold 6,719 shares. The insider’s holdings dropped to 13,807 shares worth approximately $14083.14 following the completion of this transaction.
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Also, Paone Antoinette sold 2,445 shares, netting a total of over 3,961 in proceeds. Following the sale of shares at $1.62 each, the insider now holds 5,828 shares.
Before that, Samayoa Phillip had sold 2,445 shares from its account. In a trade valued at $3,961, the CHIEF STRATEGY OFFICER traded Generation Bio Co shares for $1.62 each. Upon closing the transaction, the insider’s holdings decreased to 2,445 shares, worth approximately $0.11 million.
As published in a research note from TD Cowen on October 19, 2023, Generation Bio Co [GBIO] has been rated down from an Outperform to a Market perform. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of December 14, 2021, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for GBIO. Earlier on June 08, 2021, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for GBIO stock.
Analyzing GBIO Stock Performance
During the last five days, there has been a drop of approximately -19.69%. Over the course of the year, Generation Bio Co shares have dropped approximately -38.18%. Shares of the company reached a 52-week high of $4.6500 on 04/01/24 and a 52-week low of $0.7500 on 12/18/24. A 50-day SMA is recorded $1.8200, while a 200-day SMA reached $2.6695. Nevertheless, trading volume fell to 2.92 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Generation Bio Co (GBIO)
According to the 24-hour chart, there is a support level at 0.8100, which, if violated, would cause prices to drop to 0.6000. In the upper region, resistance lies at 1.1700. The next price resistance is at 1.3200. RSI (Relative Strength Index) is 21.43 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1736, which suggests the price will decrease in the coming days. Percent R is at 65.82%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
