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. Exagen Inc shares valued at $660,040 were sold by NMSIC Co-Investment Fund, L.P. on Nov 20 ’24. At $3.30 per share, NMSIC Co-Investment Fund, L.P. sold 200,000 shares. The insider’s holdings dropped to 2,108,958 shares worth approximately $6.52 million following the completion of this transaction.
Also, Black Jeffrey G. purchased 22,298 shares, netting a total of over 66,448 in proceeds. Following the buying of shares at $2.98 each, the insider now holds 274,492 shares.
Before that, ABALLI JOHN had added 24,305 shares to its account. In a trade valued at $68,297, the President and CEO bought Exagen Inc shares for $2.81 each. Upon closing the transaction, the insider’s holdings increased to 24,305 shares, worth approximately $2.13 million.
As published in a research note from KeyBanc Capital Markets on August 05, 2022, Exagen Inc [XGN] has been rated down from an Overweight to a Sector weight. As of April 15, 2021, Canaccord Genuity has initiated its “Buy” rating for XGN. Earlier on November 10, 2020, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for XGN stock.
Analyzing XGN Stock Performance
During the last five days, there has been a drop of approximately -38.45%. Over the course of the year, Exagen Inc shares have dropped approximately -24.63%. Shares of the company reached a 52-week high of $4.28 on 01/02/25 and a 52-week low of $3.00 on 01/02/25. A 50-day SMA is recorded $3.83, while a 200-day SMA reached $2.59. Nevertheless, trading volume fell to 0.72 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Exagen Inc (XGN)
According to the 24-hour chart, there is a support level at 2.63, which, if violated, would cause prices to drop to 2.18. In the upper region, resistance lies at 3.91. The next price resistance is at 4.73. RSI (Relative Strength Index) is 33.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 97.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
