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. TG Therapeutics Inc shares valued at $343,443 were sold by Power Sean A on Jan 03 ’25. At $30.29 per share, Power Sean A sold 11,337 shares. The insider’s holdings dropped to 670,632 shares worth approximately $20.8 million following the completion of this transaction.
Also, Power Sean A sold 10,021 shares, netting a total of over 285,939 in proceeds. Following the sale of shares at $28.53 each, the insider now holds 660,611 shares.
Before that, Power Sean A had added 10,021 shares to its account. In a trade valued at $285,941, the Officer bought TG Therapeutics Inc shares for $28.53 each.
As published in their initiating research note from TD Cowen on October 29, 2024, TG Therapeutics Inc [TGTX] has been a Buy and the price target has been revised to $50. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in early August. Earlier on May 20, 2022, BofA Securities initiated its rating. Their recommendation was “an Underperform” for TGTX stock.
Analyzing TGTX Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, TG Therapeutics Inc shares have jumped approximately 3.02%. Shares of the company reached a 52-week high of $34.58 on 01/30/25 and a 52-week low of $27.24 on 01/13/25. A 50-day SMA is recorded $31.34, while a 200-day SMA reached $24.49. Nevertheless, trading volume fell to 1.36 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for TG Therapeutics Inc (TGTX)
According to the 24-hour chart, there is a support level at 30.41, which, if violated, would cause prices to drop to 29.81. In the upper region, resistance lies at 31.40. The next price resistance is at 31.79. RSI (Relative Strength Index) is 47.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 73.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
