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Checking in on GeneDx Holdings Corp (WGS) after recent insiders movement

GeneDx Holdings Corp’s filing revealed that its Chief Executive Officer Stueland Katherine unloaded Company’s shares for reported $1.41 million on Jan 02 ’25. In the deal valued at $78.18 per share,18,006 shares were sold. As a result of this transaction, Stueland Katherine now holds 53,140 shares worth roughly $4.76 million.

Then, Feeley Kevin sold 1,430 shares, generating $108,737 in total proceeds. Upon selling the shares at $76.04, the CHIEF FINANCIAL OFFICER now owns 26,770 shares.

Before that, Feeley Kevin bought 1,430 shares. GeneDx Holdings Corp shares valued at $108,000 were divested by the Officer at a price of $75.52 per share.

Wells Fargo initiated its GeneDx Holdings Corp [WGS] rating to an Equal weight in a research note published on August 28, 2024; the price target was $34. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating.

Price Performance Review of WGS

On Monday, GeneDx Holdings Corp [NASDAQ:WGS] saw its stock jump 13.23% to $89.61. Over the last five days, the stock has gained 14.81%. GeneDx Holdings Corp shares have risen nearly 16.59% since the year began. Nevertheless, the stocks have risen 3135.02% over the past one year. While a 52-week high of $89.11 was reached on 01/06/25, a 52-week low of $2.63 was recorded on 01/02/25. SMA at 50 days reached $75.76, while 200 days put it at $40.64.

Levels Of Support And Resistance For WGS Stock

The 24-hour chart illustrates a support level at 82.19, which if violated will result in even more drops to 74.76. On the upside, there is a resistance level at 93.35. A further resistance level may holdings at 97.08. The Relative Strength Index (RSI) on the 14-day chart is 68.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.29%. Stochastics %K at 72.94% indicates the stock is a holding.

How much short interest is there in GeneDx Holdings Corp?

A steep rise in short interest was recorded in GeneDx Holdings Corp stocks on 2024-12-13, dropping by -0.19 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.34 million shares. There was a decline of -8.83%, which implies that there is a negative sentiment for the stock.

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