Pulmonx Corp’s filing revealed that its Officer GLENDON FRENCH acquired Company’s shares for reported $0.37 million on Feb 20 ’25. In the deal valued at $6.64 per share,55,453 shares were bought.
Then, French Glendon E. III sold 2,326 shares, generating $15,189 in total proceeds. Upon selling the shares at $6.53, the Director now owns 1,069,648 shares.
Before that, French Glendon E. III sold 2,221 shares. Pulmonx Corp shares valued at $14,436 were divested by the Director at a price of $6.50 per share. As a result of the transaction, French Glendon E. III now holds 1,067,427 shares, worth roughly $9.56 million.
Citigroup downgraded its Pulmonx Corp [LUNG] rating to a Neutral from a a Buy in a research note published on December 11, 2024; the price target was decreased to $7.50 from $17. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Wells Fargo also remained covering LUNG and has decreased its forecast on February 23, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. Craig Hallum started covering the stock on September 05, 2023. It rated LUNG as “a Buy”.
Price Performance Review of LUNG
On Friday, Pulmonx Corp [NASDAQ:LUNG] saw its stock jump 2.05% to $8.96. Over the last five days, the stock has gained 21.41%. Pulmonx Corp shares have risen nearly 31.96% since the year began. Nevertheless, the stocks have fallen -37.82% over the past one year. While a 52-week high of $14.53 was reached on 02/20/25, a 52-week low of $5.46 was recorded on 02/03/25. SMA at 50 days reached $6.51, while 200 days put it at $6.97.
Levels Of Support And Resistance For LUNG Stock
The 24-hour chart illustrates a support level at 8.61, which if violated will result in even more drops to 8.26. On the upside, there is a resistance level at 9.33. A further resistance level may holdings at 9.70. The Relative Strength Index (RSI) on the 14-day chart is 75.17, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.79%. Stochastics %K at 76.97% indicates the stock is a holding.
