Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Avinger Inc shares valued at $699 were sold by Subainati Nabeel Paul on Jan 23 ’25. At $0.56 per share, Subainati Nabeel Paul sold 1,255 shares. The insider’s holdings dropped to 3,296 shares worth approximately $1977.6 following the completion of this transaction.
Also, SOINSKI JEFFREY M sold 3,690 shares, netting a total of over 2,054 in proceeds. Following the sale of shares at $0.56 each, the insider now holds 55,265 shares.
Before that, Patel Himanshu had sold 2,215 shares from its account. In a trade valued at $1,233, the Chief Technology Officer traded Avinger Inc shares for $0.56 each. Upon closing the transaction, the insider’s holdings decreased to 2,215 shares, worth approximately $23437.2.
As published in their initiating research note from B. Riley Securities on June 29, 2021, Avinger Inc [AVGR] has been a Buy and the price target has been revised to $2.50. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of April 12, 2017, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for AVGR. Earlier on April 11, 2017, Canaccord Genuity downgraded its rating. Their new recommendation was “a Hold” for AVGR stock which previously was a “a Buy”.
Analyzing AVGR Stock Performance
During the last five days, there has been a surge of approximately 6.74%. Over the course of the year, Avinger Inc shares have dropped approximately -26.65%. Shares of the company reached a 52-week high of $0.8799 on 01/02/25 and a 52-week low of $0.5000 on 01/29/25. A 50-day SMA is recorded $0.7303, while a 200-day SMA reached $1.5136. Nevertheless, trading volume fell to 1.99 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Avinger Inc (AVGR)
According to the 24-hour chart, there is a support level at 0.5299, which, if violated, would cause prices to drop to 0.4598. In the upper region, resistance lies at 0.6602. The next price resistance is at 0.7204. RSI (Relative Strength Index) is 46.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0287, which suggests the price will decrease in the coming days. Percent R is at 69.23%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
