Neogen Corp’s recent filing unveils that its CEO ADENT JOHN EDWARD acquired Company’s shares for reported $0.2 million on Oct 11 ’24. In the deal valued at $13.80 per share,14,500 shares were bought. As a result of this transaction, ADENT JOHN EDWARD now holds 216,477 shares worth roughly $2.76 million.
Then, Tobin James P bought 3,000 shares, generating $50,571 in total proceeds. Upon buying the shares at $16.86, the Director now owns 23,392 shares.
Before that, Jones Douglas Edward bought 10,000 shares. Neogen Corp shares valued at $123,590 were divested by the Chief Operating Officer at a price of $12.36 per share. As a result of the transaction, Jones Douglas Edward now holds 46,131 shares, worth roughly $0.59 million.
Guggenheim initiated its Neogen Corp [NEOG] rating to a Buy in a research note published on December 19, 2024; the price target was $15. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. William Blair also remained covering NEOG and has increased its forecast on November 22, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler started covering the stock on July 12, 2022. It rated NEOG as “a Neutral”.
Price Performance Review of NEOG
On Monday, Neogen Corp [NASDAQ:NEOG] saw its stock jump 3.92% to $12.73. Over the last five days, the stock has gained 2.41%. Neogen Corp shares have risen nearly 4.86% since the year began. Nevertheless, the stocks have fallen -34.85% over the past one year. While a 52-week high of $19.88 was reached on 01/06/25, a 52-week low of $11.46 was recorded on 01/03/25. SMA at 50 days reached $13.68, while 200 days put it at $14.77.
Levels Of Support And Resistance For NEOG Stock
The 24-hour chart illustrates a support level at 12.38, which if violated will result in even more drops to 12.04. On the upside, there is a resistance level at 12.96. A further resistance level may holdings at 13.20. The Relative Strength Index (RSI) on the 14-day chart is 49.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics %K at 63.43% indicates the stock is a holding.
How much short interest is there in Neogen Corp?
A steep rise in short interest was recorded in Neogen Corp stocks on 2024-12-13, dropping by -1.95 million shares to a total of 21.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.12 million shares. There was a decline of -9.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 23, 2019 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .
