Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Pacific Biosciences of California Inc shares valued at $17,583 were sold by HENRY CHRISTIAN O on Mar 03 ’25. At $1.41 per share, HENRY CHRISTIAN O sold 12,497 shares. The insider’s holdings dropped to 2,225,357 shares worth approximately $2.89 million following the completion of this transaction.
Also, Van Oene Mark sold 6,486 shares, netting a total of over 9,126 in proceeds. Following the sale of shares at $1.41 each, the insider now holds 1,497,695 shares.
Before that, Farmer Michele had sold 2,973 shares from its account. In a trade valued at $4,183, the insider traded Pacific Biosciences of California Inc shares for $1.41 each. Upon closing the transaction, the insider’s holdings decreased to 2,973 shares, worth approximately $0.24 million.
As published in a research note from UBS on November 11, 2024, Pacific Biosciences of California Inc [PACB] has been rated down from a Buy to a Neutral. As of April 22, 2024, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for PACB. Earlier on April 18, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for PACB stock which previously was a “a Buy”.
Analyzing PACB Stock Performance
During the last five days, there has been a drop of approximately -10.96%. Over the course of the year, Pacific Biosciences of California Inc shares have dropped approximately -28.96%. Shares of the company reached a 52-week high of $2.2200 on 01/08/25 and a 52-week low of $1.2700 on 02/12/25. A 50-day SMA is recorded $1.6764, while a 200-day SMA reached $1.7590.
Support And Resistance Levels for Pacific Biosciences of California Inc (PACB)
According to the 24-hour chart, there is a support level at 1.2667, which, if violated, would cause prices to drop to 1.2333. In the upper region, resistance lies at 1.3467. The next price resistance is at 1.3933. RSI (Relative Strength Index) is 38.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2204, which suggests the price will decrease in the coming days. Percent R is at 97.44%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
