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. Macrogenics Inc shares valued at $1,083 were sold by Smith Beth Ann on Feb 15 ’25. At $2.56 per share, Smith Beth Ann sold 423 shares. The insider’s holdings dropped to 9,532 shares worth approximately $27738.120000000003 following the completion of this transaction.
Also, Peters Jeffrey Stuart sold 51,395 shares, netting a total of over 799,148 in proceeds. Following the sale of shares at $15.55 each, the insider now holds 0 shares.
Before that, Peters Jeffrey Stuart had sold 19,625 shares from its account. In a trade valued at $421,938, the Senior VP and General Counsel traded Macrogenics Inc shares for $21.50 each. Upon closing the transaction, the insider’s holdings decreased to 19,625 shares, worth approximately $25884.45.
As published in a research note from JMP Securities on November 07, 2024, Macrogenics Inc [MGNX] has been rated down from a Mkt outperform to a Mkt perform. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 31, 2024, Guggenheim has decreased its “Buy” rating to a “Neutral” for MGNX. Earlier on July 31, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for MGNX stock which previously was a “a Buy”.
Analyzing MGNX Stock Performance
During the last five days, there has been a surge of approximately 21.25%. Over the course of the year, Macrogenics Inc shares have dropped approximately -10.46%. Shares of the company reached a 52-week high of $3.60 on 01/06/25 and a 52-week low of $2.34 on 02/12/25. A 50-day SMA is recorded $3.10, while a 200-day SMA reached $4.09. Nevertheless, trading volume fell to 0.71 million shares from 1.3 million shares the previous day.
Support And Resistance Levels for Macrogenics Inc (MGNX)
According to the 24-hour chart, there is a support level at 2.80, which, if violated, would cause prices to drop to 2.70. In the upper region, resistance lies at 2.98. The next price resistance is at 3.06. RSI (Relative Strength Index) is 51.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 30.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
