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Checking in on 10x Genomics Inc (TXG) after recent insiders movement

10x Genomics Inc’s filing revealed that its Chief Executive Officer Saxonov Serge unloaded Company’s shares for reported $84393.0 on Feb 28 ’25. In the deal valued at $10.63 per share,7,942 shares were sold. As a result of this transaction, Saxonov Serge now holds 871,540 shares worth roughly $10.2 million.

Then, Serge Saxonov bought 7,942 shares, generating $83,947 in total proceeds.

Before that, Hindson Benjamin J. sold 4,573 shares. 10x Genomics Inc shares valued at $50,603 were divested by the insider at a price of $11.07 per share. As a result of the transaction, Hindson Benjamin J. now holds 335,324 shares, worth roughly $3.92 million.

Leerink Partners downgraded its 10x Genomics Inc [TXG] rating to a Market perform from a an Outperform in a research note published on February 13, 2025; the price target was decreased to $12 from $25. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Jefferies also remained covering TXG and has increased its forecast on July 22, 2024 with a “Buy” recommendation from previously “Hold” rating. JP Morgan revised its rating on July 18, 2024. It rated TXG as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of TXG

On Friday, 10x Genomics Inc [NASDAQ:TXG] saw its stock jump 2.01% to $11.70. Over the last five days, the stock has gained 9.45%. 10x Genomics Inc shares have fallen nearly -18.52% since the year began. Nevertheless, the stocks have fallen -73.08% over the past one year. While a 52-week high of $42.85 was reached on 01/13/25, a 52-week low of $9.27 was recorded on 03/04/25. SMA at 50 days reached $13.65, while 200 days put it at $17.65.

Levels Of Support And Resistance For TXG Stock

The 24-hour chart illustrates a support level at 11.24, which if violated will result in even more drops to 10.79. On the upside, there is a resistance level at 11.97. A further resistance level may holdings at 12.25. The Relative Strength Index (RSI) on the 14-day chart is 45.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.88%. Stochastics %K at 54.46% indicates the stock is a holding.

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