Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Bio-Techne Corp shares valued at $122,691 were sold by Herr Amy E. on Feb 14 ’25. At $65.96 per share, Herr Amy E. sold 1,860 shares. The insider’s holdings dropped to 1,976 shares worth approximately $0.12 million following the completion of this transaction.
Also, JOSHUA MOLHO purchased 1,860 shares, netting a total of over 122,691 in proceeds.
Before that, Kelderman Kim had sold 13,392 shares from its account. In a trade valued at $1,035,013, the Chief Executive Officer traded Bio-Techne Corp shares for $77.29 each. Upon closing the transaction, the insider’s holdings decreased to 13,392 shares, worth approximately $2.39 million.
As published in a research note from Robert W. Baird on February 19, 2025, Bio-Techne Corp [TECH] has been rated down from an Outperform to a Neutral and the price target has been revised to $68 from $88. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of February 08, 2024, Scotiabank has initiated its “Sector outperform” rating for TECH. Earlier on February 02, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for TECH stock which previously was a “a Buy”.
Analyzing TECH Stock Performance
During the last five days, there has been a drop of approximately -6.50%. Over the course of the year, Bio-Techne Corp shares have dropped approximately -14.99%. Shares of the company reached a 52-week high of $79.28 on 02/05/25 and a 52-week low of $61.06 on 02/27/25. A 50-day SMA is recorded $72.07, while a 200-day SMA reached $74.44. Nevertheless, trading volume fell to 2.02 million shares from 1.02 million shares the previous day.
Support And Resistance Levels for Bio-Techne Corp (TECH)
According to the 24-hour chart, there is a support level at 60.05, which, if violated, would cause prices to drop to 58.88. In the upper region, resistance lies at 63.41. The next price resistance is at 65.60. RSI (Relative Strength Index) is 24.38 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.08, which suggests the price will decrease in the coming days. Percent R is at 98.84%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
