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. Azenta Inc shares valued at $21,958 were sold by Pirogova Olga on Nov 19 ’24. At $40.07 per share, Pirogova Olga sold 548 shares. The insider’s holdings dropped to 19,373 shares worth approximately $1.03 million following the completion of this transaction.
Also, Hughes Violetta sold 163 shares, netting a total of over 6,531 in proceeds. Following the sale of shares at $40.07 each, the insider now holds 9,920 shares.
Before that, Zhou Ginger had sold 491 shares from its account. In a trade valued at $19,674, the SVP and General Manager, Genom traded Azenta Inc shares for $40.07 each. Upon closing the transaction, the insider’s holdings decreased to 491 shares, worth approximately $1.47 million.
As published in a research note from Stephens on December 18, 2024, Azenta Inc [AZTA] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $60 from $50. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early April. As of February 01, 2024, B. Riley Securities has reiterated its “Buy” rating for AZTA. Earlier on July 19, 2023, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for AZTA stock.
Analyzing AZTA Stock Performance
During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Azenta Inc shares have jumped approximately 6.80%. Shares of the company reached a 52-week high of $55.26 on 01/28/25 and a 52-week low of $49.28 on 01/03/25. A 50-day SMA is recorded $48.78, while a 200-day SMA reached $50.19. Nevertheless, trading volume fell to 0.5 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Azenta Inc (AZTA)
According to the 24-hour chart, there is a support level at 52.64, which, if violated, would cause prices to drop to 51.87. In the upper region, resistance lies at 54.16. The next price resistance is at 54.91. RSI (Relative Strength Index) is 60.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.90, which suggests the price will decrease in the coming days. Percent R is at 35.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.