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. Cg Oncology Inc shares valued at $19,600,000 were sold by Song Hong Fang on Dec 16 ’24. At $28.00 per share, Song Hong Fang sold 700,000 shares. The insider’s holdings dropped to 3,003,931 shares worth approximately $87.02 million following the completion of this transaction.
Also, POST LEONARD E sold 1,000 shares, netting a total of over 28,840 in proceeds. Following the sale of shares at $28.84 each, the insider now holds 0 shares.
Before that, POST LEONARD E had sold 1,000 shares from its account. In a trade valued at $34,542, the Director traded Cg Oncology Inc shares for $34.54 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.0.
As published in their initiating research note from UBS on October 24, 2024, Cg Oncology Inc [CGON] has been a Buy and the price target has been revised to $60. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in late September. As of August 28, 2024, ROTH MKM has initiated its “Buy” rating for CGON. Earlier on June 28, 2024, BofA Securities initiated its rating. Their recommendation was “a Buy” for CGON stock.
Analyzing CGON Stock Performance
During the last five days, there has been a surge of approximately 2.37%. Over the course of the year, Cg Oncology Inc shares have jumped approximately 1.01%. A 50-day SMA is recorded $33.51, while a 200-day SMA reached $34.86. Nevertheless, trading volume fell to 0.49 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Cg Oncology Inc (CGON)
According to the 24-hour chart, there is a support level at 28.56, which, if violated, would cause prices to drop to 28.14. In the upper region, resistance lies at 29.43. The next price resistance is at 29.88. RSI (Relative Strength Index) is 40.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 56.56%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
