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The Potential Rise in the Price of MeiraGTx Holdings plc (MGTX) following insiders activity

CHWY Stock

MeiraGTx Holdings plc’s filing revealed that its CFO & COO Giroux Richard unloaded Company’s shares for reported $0.14 million on Apr 22 ’25. In the deal valued at $6.00 per share,24,000 shares were sold. As a result of this transaction, Giroux Richard now holds 882,494 shares worth roughly $5.69 million.

Then, Richard Giroux bought 24,000 shares, generating $144,000 in total proceeds.

Before that, Forbes Alexandria sold 47,500 shares. MeiraGTx Holdings plc shares valued at $253,650 were divested by the PRESIDENT & CEO at a price of $5.34 per share. As a result of the transaction, Forbes Alexandria now holds 1,408,983 shares, worth roughly $9.09 million.

A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in late October with a ‘”an Outperform”‘ rating. Piper Jaffray started covering the stock on September 03, 2019. It rated MGTX as “an Overweight”.

Price Performance Review of MGTX

On Monday, MeiraGTx Holdings plc [NASDAQ:MGTX] saw its stock fall -11.03% to $6.45. Over the last five days, the stock has lost -5.29%. MeiraGTx Holdings plc shares have risen nearly 5.91% since the year began. Nevertheless, the stocks have risen 29.26% over the past one year. While a 52-week high of $8.75 was reached on 03/14/25, a 52-week low of $3.85 was recorded on 04/09/25. SMA at 50 days reached $6.63, while 200 days put it at $5.74.

Levels Of Support And Resistance For MGTX Stock

The 24-hour chart illustrates a support level at 6.03, which if violated will result in even more drops to 5.62. On the upside, there is a resistance level at 7.08. A further resistance level may holdings at 7.72. The Relative Strength Index (RSI) on the 14-day chart is 49.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.05%. Stochastics %K at 80.77% indicates the stock is a selling.

The most recent change occurred on February 27, 2019 when Chardan Capital Markets resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $40.

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