Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Metagenomi Inc shares valued at $1,744 were sold by Wein Matthew on Mar 05 ’25. At $1.87 per share, Wein Matthew sold 930 shares. The insider’s holdings dropped to 9,467 shares worth approximately $14105.83 following the completion of this transaction.
Also, Wapnick Pamela sold 1,808 shares, netting a total of over 3,390 in proceeds. Following the sale of shares at $1.87 each, the insider now holds 59,684 shares.
Before that, Wapnick Pamela had sold 1,559 shares from its account. In a trade valued at $2,900, the Chief Financial Officer traded Metagenomi Inc shares for $1.86 each. Upon closing the transaction, the insider’s holdings decreased to 1,559 shares, worth approximately $91623.08.
As published in their initiating research note from H.C. Wainwright on May 07, 2024, Metagenomi Inc [MGX] has been a Buy and the price target has been revised to $10. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of March 05, 2024, Wells Fargo has initiated its “an Overweight” rating for MGX. Earlier on March 05, 2024, TD Cowen initiated its rating. Their recommendation was “an Outperform” for MGX stock.
Analyzing MGX Stock Performance
During the last five days, there has been a drop of approximately -14.86%. Over the course of the year, Metagenomi Inc shares have dropped approximately -58.73%. Shares of the company reached a 52-week high of $4.0550 on 01/02/25 and a 52-week low of $1.2300 on 04/04/25. A 50-day SMA is recorded $1.7390, while a 200-day SMA reached $2.5422.
Support And Resistance Levels for Metagenomi Inc (MGX)
According to the 24-hour chart, there is a support level at 1.3833, which, if violated, would cause prices to drop to 1.2767. In the upper region, resistance lies at 1.6733. The next price resistance is at 1.8567. RSI (Relative Strength Index) is 42.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0024, which suggests the price will decrease in the coming days. Percent R is at 71.83%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
