In a filing, Precigen Inc revealed its SVP, IP Affairs Perez Jeffrey Thomas acquired Company’s shares for reported $50000.0 on Aug 09 ’24. In the deal valued at $0.85 per share,58,823 shares were bought. As a result of this transaction, Perez Jeffrey Thomas now holds 743,097 shares worth roughly $0.94 million.
Then, KIRK RANDAL J bought 23,529,411 shares, generating $19,999,999 in total proceeds. Upon buying the shares at $0.85, the Director now owns 64,547,214 shares.
JP Morgan downgraded its Precigen Inc [PGEN] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late May with a ‘”a Neutral”‘ rating. Cantor Fitzgerald began covering PGEN with “an Overweight” recommendation on November 18, 2022. Stifel started covering the stock on February 25, 2021. It rated PGEN as “a Buy”.
Price Performance Review of PGEN
On Monday, Precigen Inc [NASDAQ:PGEN] saw its stock jump 5.83% to $1.27. Over the last five days, the stock has gained 74.86%. Precigen Inc shares have risen nearly 13.39% since the year began. Nevertheless, the stocks have fallen -3.05% over the past one year. While a 52-week high of $1.93 was reached on 01/06/25, a 52-week low of $0.65 was recorded on 01/03/25. SMA at 50 days reached $0.8553, while 200 days put it at $1.1948.
Levels Of Support And Resistance For PGEN Stock
The 24-hour chart illustrates a support level at 1.1467, which if violated will result in even more drops to 1.0233. On the upside, there is a resistance level at 1.4167. A further resistance level may holdings at 1.5633. The Relative Strength Index (RSI) on the 14-day chart is 75.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3146, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.55%. Stochastics %K at 74.15% indicates the stock is a holding.
How much short interest is there in Precigen Inc?
A steep rise in short interest was recorded in Precigen Inc stocks on 2024-10-31, dropping by -0.37 million shares to a total of 15.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.7 million shares. There was a decline of -2.44%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 22, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $14 price target.
