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. Neogen Corp shares valued at $164,428 were purchased by Naemura David H. on Jan 16 ’25. At $11.11 per share, Naemura David H. acquired 14,800 shares. The insider’s holdings grew to 61,434 shares worth approximately $0.72 million following the completion of this transaction.
Also, ADENT JOHN EDWARD purchased 23,035 shares, netting a total of over 254,076 in proceeds. Following the buying of shares at $11.03 each, the insider now holds 269,164 shares.
Before that, ADENT JOHN EDWARD had added 14,500 shares to its account. In a trade valued at $200,100, the CEO bought Neogen Corp shares for $13.80 each. Upon closing the transaction, the insider’s holdings increased to 14,500 shares, worth approximately $2.54 million.
As published in their initiating research note from Guggenheim on December 19, 2024, Neogen Corp [NEOG] has been a Buy and the price target has been revised to $15. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid June. As of November 22, 2022, William Blair has increased its “Mkt perform” rating to a “an Outperform” for NEOG. Earlier on July 12, 2022, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for NEOG stock.
Analyzing NEOG Stock Performance
During the last five days, there has been a surge of approximately 3.35%. Over the course of the year, Neogen Corp shares have dropped approximately -3.29%. Shares of the company reached a 52-week high of $13.40 on 01/07/25 and a 52-week low of $10.72 on 01/16/25. A 50-day SMA is recorded $13.15, while a 200-day SMA reached $14.61. Nevertheless, trading volume fell to 3.21 million shares from 2.74 million shares the previous day.
Support And Resistance Levels for Neogen Corp (NEOG)
According to the 24-hour chart, there is a support level at 11.38, which, if violated, would cause prices to drop to 11.01. In the upper region, resistance lies at 12.01. The next price resistance is at 12.27. RSI (Relative Strength Index) is 41.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 62.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
