Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. biote Corp shares valued at $203,848 were sold by Peterson Robert Charles on Sep 09 ’24. At $6.20 per share, Peterson Robert Charles sold 32,874 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Peterson Robert Charles sold 11,376 shares, netting a total of over 86,084 in proceeds. Following the sale of shares at $7.57 each, the insider now holds 32,874 shares.
As published in their initiating research note from Craig Hallum on December 16, 2024, biote Corp [BTMD] has been a Buy. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid February. As of February 01, 2024, Jefferies has initiated its “Buy” rating for BTMD. Earlier on June 24, 2022, Cowen initiated its rating. Their recommendation was “an Outperform” for BTMD stock.
Analyzing BTMD Stock Performance
During the last five days, there has been a drop of approximately -4.69%. Over the course of the year, biote Corp shares have dropped approximately -4.69%. Shares of the company reached a 52-week high of $6.36 on 01/02/25 and a 52-week low of $5.61 on 01/08/25. A 50-day SMA is recorded $6.05, while a 200-day SMA reached $6.21. Nevertheless, trading volume fell to 64254.0 shares from 85500.0 shares the previous day.
Support And Resistance Levels for biote Corp (BTMD)
According to the 24-hour chart, there is a support level at 5.69, which, if violated, would cause prices to drop to 5.49. In the upper region, resistance lies at 6.01. The next price resistance is at 6.13. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 71.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
