Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GRAIL Inc shares valued at $426,937 were sold by Freidin Aaron on Nov 18 ’24. At $14.02 per share, Freidin Aaron sold 30,452 shares. The insider’s holdings dropped to 268,277 shares worth approximately $14.11 million following the completion of this transaction.
Also, Aaron Freidin purchased 31,721 shares, netting a total of over 469,471 in proceeds.
Before that, RAGUSA ROBERT P had sold 123,454 shares from its account. In a trade valued at $1,730,825, the Chief Executive Officer traded GRAIL Inc shares for $14.02 each. Upon closing the transaction, the insider’s holdings decreased to 123,454 shares, worth approximately $32.21 million.
As published in their initiating research note from Morgan Stanley on November 27, 2024, GRAIL Inc [GRAL] has been an Equal-weight and the price target has been revised to $16. Analysts at Wolfe Research started covering the stock with ‘”a Peer perform”‘ outlook in a report released in mid November. As of October 17, 2024, Guggenheim has initiated its “Neutral” rating for GRAL.
Analyzing GRAL Stock Performance
During the last five days, there has been a surge of approximately 59.38%. Over the course of the year, GRAIL Inc shares have jumped approximately 194.57%. Nevertheless, trading volume fell to 5.01 million shares from 1.78 million shares the previous day.
Support And Resistance Levels for GRAIL Inc (GRAL)
According to the 24-hour chart, there is a support level at 44.05, which, if violated, would cause prices to drop to 35.51. In the upper region, resistance lies at 56.98. The next price resistance is at 61.38. RSI (Relative Strength Index) is 83.91 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.05, which suggests the price will increase in the coming days. Percent R is at 0.91%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
