Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Neogen Corp shares valued at $200,100 were purchased by ADENT JOHN EDWARD on Oct 11 ’24. At $13.80 per share, ADENT JOHN EDWARD acquired 14,500 shares. The insider’s holdings grew to 216,477 shares worth approximately $2.6 million following the completion of this transaction.
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Also, Tobin James P purchased 3,000 shares, netting a total of over 50,571 in proceeds. Following the buying of shares at $16.86 each, the insider now holds 23,392 shares.
Before that, Jones Douglas Edward had added 10,000 shares to its account. In a trade valued at $123,590, the Chief Operating Officer bought Neogen Corp shares for $12.36 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.55 million.
As published in their initiating research note from Guggenheim on December 19, 2024, Neogen Corp [NEOG] has been a Buy and the price target has been revised to $15. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid June. As of November 22, 2022, William Blair has increased its “Mkt perform” rating to a “an Outperform” for NEOG. Earlier on July 12, 2022, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for NEOG stock.
Analyzing NEOG Stock Performance
During the last five days, there has been a drop of approximately -3.76%. Over the course of the year, Neogen Corp shares have dropped approximately -40.23%. Shares of the company reached a 52-week high of $20.72 on 01/02/24 and a 52-week low of $11.46 on 04/22/24. A 50-day SMA is recorded $14.08, while a 200-day SMA reached $14.94. Nevertheless, trading volume fell to 2.73 million shares from 2.54 million shares the previous day.
Support And Resistance Levels for Neogen Corp (NEOG)
According to the 24-hour chart, there is a support level at 11.76, which, if violated, would cause prices to drop to 11.50. In the upper region, resistance lies at 12.32. The next price resistance is at 12.62. RSI (Relative Strength Index) is 35.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 81.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
