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A company insider recently bought 10,000 shares of Neogenomics Inc [NEO]. Should You Buy?

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. Neogenomics Inc shares valued at $76,300 were purchased by Perez David Brian on May 05 ’25. At $7.63 per share, Perez David Brian acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $80000.0 following the completion of this transaction.

Also, Gunn Neil purchased 4,510 shares, netting a total of over 34,977 in proceeds. Following the buying of shares at $7.75 each, the insider now holds 15,846 shares.

Before that, Sherman Jeffrey Scott had added 20,000 shares to its account. In a trade valued at $150,104, the Chief Financial Officer bought Neogenomics Inc shares for $7.51 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $1.27 million.

As published in a research note from Leerink Partners on April 30, 2025, Neogenomics Inc [NEO] has been rated down from an Outperform to a Market perform and the price target has been revised to $9. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of December 10, 2024, Jefferies has initiated its “Buy” rating for NEO.

Analyzing NEO Stock Performance

During the last five days, there has been a surge of approximately 25.10%. Over the course of the year, Neogenomics Inc shares have dropped approximately -51.46%. Shares of the company reached a 52-week high of $19.11 on 01/08/25 and a 52-week low of $6.08 on 04/30/25. A 50-day SMA is recorded $9.34, while a 200-day SMA reached $13.87.

Support And Resistance Levels for Neogenomics Inc (NEO)

According to the 24-hour chart, there is a support level at 7.76, which, if violated, would cause prices to drop to 7.53. In the upper region, resistance lies at 8.13. The next price resistance is at 8.27. RSI (Relative Strength Index) is 42.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.77, which suggests the price will decrease in the coming days. Percent R is at 56.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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