The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Precigen Inc shares valued at $50,000 were purchased by Perez Jeffrey Thomas on Aug 09 ’24. At $0.85 per share, Perez Jeffrey Thomas acquired 58,823 shares. The insider’s holdings grew to 743,097 shares worth approximately $0.88 million following the completion of this transaction.
Also, KIRK RANDAL J purchased 23,529,411 shares, netting a total of over 19,999,999 in proceeds. Following the buying of shares at $0.85 each, the insider now holds 64,547,214 shares.
As published in a research note from JP Morgan on March 22, 2024, Precigen Inc [PGEN] has been rated down from a Neutral to an Underweight. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in late May. As of November 18, 2022, Cantor Fitzgerald has initiated its “an Overweight” rating for PGEN. Earlier on February 25, 2021, Stifel initiated its rating. Their recommendation was “a Buy” for PGEN stock.
Analyzing PGEN Stock Performance
During the last five days, there has been a surge of approximately 5.36%. Over the course of the year, Precigen Inc shares have jumped approximately 5.36%. Shares of the company reached a 52-week high of $1.4600 on 01/07/25 and a 52-week low of $1.0300 on 01/03/25. A 50-day SMA is recorded $0.8703, while a 200-day SMA reached $1.1927. Nevertheless, trading volume fell to 1.67 million shares from 3.09 million shares the previous day.
Support And Resistance Levels for Precigen Inc (PGEN)
According to the 24-hour chart, there is a support level at 1.1217, which, if violated, would cause prices to drop to 1.0633. In the upper region, resistance lies at 1.2767. The next price resistance is at 1.3733. RSI (Relative Strength Index) is 64.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.3068, which suggests the price will decrease in the coming days. Percent R is at 35.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
