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Guardant Health Inc (GH) receives a Buy rating from Guggenheim

NUE

In a filing, Guardant Health Inc revealed its Director Tariq Musa unloaded Company’s shares for reported $4043.0 on Dec 18 ’24. In the deal valued at $34.85 per share,116 shares were sold. As a result of this transaction, Tariq Musa now holds 2,810 shares worth roughly $0.1 million.

Then, Tariq Musa bought 116 shares, generating $4,043 in total proceeds.

Before that, Tariq Musa sold 2,320 shares. Guardant Health Inc shares valued at $81,200 were divested by the Director at a price of $35.00 per share. As a result of the transaction, Tariq Musa now holds 2,676 shares, worth roughly $96737.4.

Guggenheim upgraded its Guardant Health Inc [GH] rating to a Buy from a a Neutral in a research note published recently. Guggenheim started covering the stock on December 14, 2023. It rated GH as “a Neutral”.

Price Performance Review of GH

On Tuesday, Guardant Health Inc [NASDAQ:GH] saw its stock jump 0.75% to $36.15. Over the last five days, the stock has gained 18.37%. Guardant Health Inc shares have risen nearly 18.33% since the year began. Nevertheless, the stocks have risen 43.57% over the past one year. While a 52-week high of $38.53 was reached on 01/06/25, a 52-week low of $15.81 was recorded on 01/02/25. SMA at 50 days reached $31.12, while 200 days put it at $26.51.

Levels Of Support And Resistance For GH Stock

The 24-hour chart illustrates a support level at 34.94, which if violated will result in even more drops to 33.74. On the upside, there is a resistance level at 36.96. A further resistance level may holdings at 37.78. The Relative Strength Index (RSI) on the 14-day chart is 64.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.97%. Stochastics %K at 77.04% indicates the stock is a holding.

How much short interest is there in Guardant Health Inc?

A steep rise in short interest was recorded in Guardant Health Inc stocks on 2024-12-13, dropping by -1.14 million shares to a total of 8.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 9.39 million shares. There was a decline of -13.78%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 13, 2023 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .

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