KD Logo

Keeping an Eye on Neogen Corp (NEOG) After Insider Trading Activity

Neogen Corp’s recent filing unveils that its CFO Naemura David H. acquired Company’s shares for reported $0.16 million on Jan 16 ’25. In the deal valued at $11.11 per share,14,800 shares were bought. As a result of this transaction, Naemura David H. now holds 61,434 shares worth roughly $0.71 million.

Then, ADENT JOHN EDWARD bought 23,035 shares, generating $254,076 in total proceeds. Upon buying the shares at $11.03, the CEO now owns 269,164 shares.

Before that, ADENT JOHN EDWARD bought 14,500 shares. Neogen Corp shares valued at $200,100 were divested by the CEO at a price of $13.80 per share. As a result of the transaction, ADENT JOHN EDWARD now holds 216,477 shares, worth roughly $2.5 million.

Guggenheim initiated its Neogen Corp [NEOG] rating to a Buy in a research note published on December 19, 2024; the price target was $15. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. William Blair also remained covering NEOG and has increased its forecast on November 22, 2022 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler started covering the stock on July 12, 2022. It rated NEOG as “a Neutral”.

Price Performance Review of NEOG

On Friday, Neogen Corp [NASDAQ:NEOG] saw its stock fall -0.34% to $11.56. Over the last five days, the stock has lost -6.47%. Neogen Corp shares have fallen nearly -4.78% since the year began. Nevertheless, the stocks have fallen -31.52% over the past one year. While a 52-week high of $18.58 was reached on 01/07/25, a 52-week low of $10.72 was recorded on 01/16/25. SMA at 50 days reached $13.37, while 200 days put it at $14.65.

Levels Of Support And Resistance For NEOG Stock

The 24-hour chart illustrates a support level at 11.31, which if violated will result in even more drops to 11.05. On the upside, there is a resistance level at 11.86. A further resistance level may holdings at 12.15. The Relative Strength Index (RSI) on the 14-day chart is 38.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.72%. Stochastics %K at 21.52% indicates the stock is a holding.

How much short interest is there in Neogen Corp?

A steep rise in short interest was recorded in Neogen Corp stocks on 2024-12-13, dropping by -1.95 million shares to a total of 21.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 23.12 million shares. There was a decline of -9.21%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 23, 2019 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .

Most Popular