Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pulmonx Corp shares valued at $27,065 were sold by Rose Geoffrey Beran on Dec 02 ’24. At $6.18 per share, Rose Geoffrey Beran sold 4,376 shares. The insider’s holdings dropped to 291,057 shares worth approximately $1.89 million following the completion of this transaction.
Also, Lehman David Aaron sold 5,497 shares, netting a total of over 34,006 in proceeds. Following the sale of shares at $6.19 each, the insider now holds 197,851 shares.
Before that, French Glendon E. III had sold 20,000 shares from its account. In a trade valued at $132,600, the Director traded Pulmonx Corp shares for $6.63 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $6.96 million.
As published in a research note from Citigroup on December 11, 2024, Pulmonx Corp [LUNG] has been rated down from a Buy to a Neutral and the price target has been revised to $7.50 from $17. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of February 23, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for LUNG. Earlier on September 05, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for LUNG stock.
Analyzing LUNG Stock Performance
During the last five days, there has been a drop of approximately -4.42%. Over the course of the year, Pulmonx Corp shares have dropped approximately -4.42%. Shares of the company reached a 52-week high of $7.15 on 01/02/25 and a 52-week low of $6.34 on 01/08/25. A 50-day SMA is recorded $6.54, while a 200-day SMA reached $7.19. Nevertheless, trading volume fell to 0.17 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Pulmonx Corp (LUNG)
According to the 24-hour chart, there is a support level at 6.38, which, if violated, would cause prices to drop to 6.27. In the upper region, resistance lies at 6.56. The next price resistance is at 6.63. RSI (Relative Strength Index) is 50.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 46.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
