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. Bio-Rad Laboratories Inc shares valued at $1,120,934 were purchased by Last Andrew J. on Nov 06 ’24. At $373.64 per share, Last Andrew J. acquired 3,000 shares.
Also, Last Andrew J. purchased 1,600 shares, netting a total of over 514,505 in proceeds.
Before that, Last Andrew J. had sold 3,000 shares from its account. In a trade valued at $989,815, the EVP, Chief Operating Officer traded Bio-Rad Laboratories Inc shares for $329.94 each. Upon closing the transaction, the insider’s holdings decreased to 3,000 shares, worth approximately $1.97 million.
As published in a research note from Citigroup on October 01, 2024, Bio-Rad Laboratories Inc [BIO] has been rated up from a Neutral to a Buy and the price target has been revised to $400 from $350. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late August. Earlier on April 03, 2024, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for BIO stock which previously was a “a Buy”.
Analyzing BIO Stock Performance
During the last five days, there has been a drop of approximately -5.74%. Over the course of the year, Bio-Rad Laboratories Inc shares have dropped approximately -20.75%. Shares of the company reached a 52-week high of $373.69 on 01/28/25 and a 52-week low of $248.22 on 03/04/25. A 50-day SMA is recorded $322.91, while a 200-day SMA reached $320.74.
Support And Resistance Levels for Bio-Rad Laboratories Inc (BIO)
According to the 24-hour chart, there is a support level at 252.19, which, if violated, would cause prices to drop to 244.03. In the upper region, resistance lies at 265.20. The next price resistance is at 270.05. RSI (Relative Strength Index) is 27.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -19.09, which suggests the price will decrease in the coming days. Percent R is at 81.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
