Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Myriad Genetics, Inc shares valued at $343,950 were sold by DIAZ PAUL J on Oct 11 ’24. At $22.93 per share, DIAZ PAUL J sold 15,000 shares. The insider’s holdings dropped to 962,378 shares worth approximately $12.07 million following the completion of this transaction.
Also, DIAZ PAUL J purchased 15,000 shares, netting a total of over 343,950 in proceeds.
Before that, Ancona Margaret had added 11,538 shares to its account. In a trade valued at $321,019, the Officer bought Myriad Genetics, Inc shares for $27.82 each.
As published in their initiating research note from UBS on December 10, 2024, Myriad Genetics, Inc [MYGN] has been a Neutral and the price target has been revised to $18. Analysts at Leerink Partners downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early December. As of September 19, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for MYGN. Earlier on August 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for MYGN stock.
Analyzing MYGN Stock Performance
During the last five days, there has been a surge of approximately 2.12%. Over the course of the year, Myriad Genetics, Inc shares have dropped approximately -8.53%. Shares of the company reached a 52-week high of $15.08 on 01/10/25 and a 52-week low of $12.04 on 01/23/25. A 50-day SMA is recorded $14.30, while a 200-day SMA reached $21.75. Nevertheless, trading volume fell to 1.99 million shares from 1.97 million shares the previous day.
Support And Resistance Levels for Myriad Genetics, Inc (MYGN)
According to the 24-hour chart, there is a support level at 12.28, which, if violated, would cause prices to drop to 12.01. In the upper region, resistance lies at 12.75. The next price resistance is at 12.95. RSI (Relative Strength Index) is 36.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 83.55%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
