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Taking a look at what insiders are doing to gauge the GoodRx Holdings Inc (GDRX)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GoodRx Holdings Inc shares valued at $471,451 were purchased by Bradley Julie MB on Dec 02 ’24. At $4.95 per share, Bradley Julie MB acquired 95,255 shares.

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Also, Spectrum Equity VII, L.P. sold 10,677 shares, netting a total of over 83,922 in proceeds. Following the sale of shares at $7.86 each, the insider now holds 0 shares.

Before that, Spectrum VII Investment Manage had added 6,828 shares to its account. In a trade valued at $53,668, the Affiliate bought GoodRx Holdings Inc shares for $7.86 each.

As published in their initiating research note from Mizuho on December 04, 2024, GoodRx Holdings Inc [GDRX] has been a Neutral and the price target has been revised to $5. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early August. As of May 23, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for GDRX. Earlier on May 16, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for GDRX stock which previously was a “a Mkt perform”.

Analyzing GDRX Stock Performance

During the last five days, there has been a surge of approximately 3.43%. Over the course of the year, GoodRx Holdings Inc shares have dropped approximately -32.54%. Shares of the company reached a 52-week high of $9.26 on 07/25/24 and a 52-week low of $4.09 on 11/15/24. A 50-day SMA is recorded $5.23, while a 200-day SMA reached $6.95. Nevertheless, trading volume fell to 1.04 million shares from 0.96 million shares the previous day.

Support And Resistance Levels for GoodRx Holdings Inc (GDRX)

According to the 24-hour chart, there is a support level at 4.40, which, if violated, would cause prices to drop to 4.29. In the upper region, resistance lies at 4.59. The next price resistance is at 4.67. RSI (Relative Strength Index) is 39.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 72.60%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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