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Monitoring GeneDx Holdings Corp (WGS) after recent insider movements

GeneDx Holdings Corp’s recent filing unveils that its CHIEF FINANCIAL OFFICER Feeley Kevin unloaded Company’s shares for reported $3.33 million on Jan 07 ’25. In the deal valued at $93.82 per share,35,506 shares were sold. As a result of this transaction, Feeley Kevin now holds 2,472 shares worth roughly $0.21 million.

Then, Stueland Katherine sold 51,420 shares, generating $4,858,119 in total proceeds. Upon selling the shares at $94.48, the Chief Executive Officer now owns 1,720 shares.

Before that, Feeley Kevin bought 35,506 shares. GeneDx Holdings Corp shares valued at $3,340,000 were divested by the Officer at a price of $94.07 per share.

Wells Fargo initiated its GeneDx Holdings Corp [WGS] rating to an Equal weight in a research note published on August 28, 2024; the price target was $34. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating.

Price Performance Review of WGS

On Monday, GeneDx Holdings Corp [NASDAQ:WGS] saw its stock fall -4.89% to $85.01. Over the last five days, the stock has gained 7.42%. GeneDx Holdings Corp shares have risen nearly 10.60% since the year began. Nevertheless, the stocks have risen 1909.69% over the past one year. While a 52-week high of $98.87 was reached on 01/07/25, a 52-week low of $2.85 was recorded on 01/02/25. SMA at 50 days reached $77.96, while 200 days put it at $42.31.

Levels Of Support And Resistance For WGS Stock

The 24-hour chart illustrates a support level at 80.23, which if violated will result in even more drops to 75.45. On the upside, there is a resistance level at 91.38. A further resistance level may holdings at 97.75. The Relative Strength Index (RSI) on the 14-day chart is 55.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.07%. Stochastics %K at 67.88% indicates the stock is a holding.

How much short interest is there in GeneDx Holdings Corp?

A steep rise in short interest was recorded in GeneDx Holdings Corp stocks on 2024-12-31, dropping by -0.2 million shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 2.28 million shares. There was a decline of -9.84%, which implies that there is a negative sentiment for the stock.

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