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. Pulmonx Corp shares valued at $15,189 were sold by French Glendon E. III on Jan 16 ’25. At $6.53 per share, French Glendon E. III sold 2,326 shares. The insider’s holdings dropped to 1,069,648 shares worth approximately $7.1 million following the completion of this transaction.
Also, French Glendon E. III sold 2,221 shares, netting a total of over 14,436 in proceeds. Following the sale of shares at $6.50 each, the insider now holds 1,067,427 shares.
Before that, GLENDON FRENCH had added 2,221 shares to its account. In a trade valued at $14,214, the Director bought Pulmonx Corp shares for $6.40 each.
As published in a research note from Citigroup on December 11, 2024, Pulmonx Corp [LUNG] has been rated down from a Buy to a Neutral and the price target has been revised to $7.50 from $17. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. As of February 23, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for LUNG. Earlier on September 05, 2023, Craig Hallum initiated its rating. Their recommendation was “a Buy” for LUNG stock.
Analyzing LUNG Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Pulmonx Corp shares have dropped approximately -2.21%. Shares of the company reached a 52-week high of $7.44 on 02/14/25 and a 52-week low of $5.57 on 02/03/25. A 50-day SMA is recorded $6.41, while a 200-day SMA reached $6.97. Nevertheless, trading volume fell to 0.57 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Pulmonx Corp (LUNG)
According to the 24-hour chart, there is a support level at 6.33, which, if violated, would cause prices to drop to 6.02. In the upper region, resistance lies at 7.12. The next price resistance is at 7.60. RSI (Relative Strength Index) is 52.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 42.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
