Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Myomo Inc shares valued at $119,678 were purchased by KIRK THOMAS F on May 15 ’25. At $3.25 per share, KIRK THOMAS F acquired 36,824 shares. The insider’s holdings grew to 344,700 shares worth approximately $1.11 million following the completion of this transaction.
Also, KIRK THOMAS F purchased 1,943 shares, netting a total of over 6,315 in proceeds. Following the buying of shares at $3.25 each, the insider now holds 307,876 shares.
Before that, GUDONIS PAUL R had added 30,000 shares to its account. In a trade valued at $96,612, the Chief Executive Officer bought Myomo Inc shares for $3.22 each. Upon closing the transaction, the insider’s holdings increased to 30,000 shares, worth approximately $3.4 million.
As published in their initiating research note from Craig Hallum on July 31, 2024, Myomo Inc [MYO] has been a Buy and the price target has been revised to $7. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in mid May. As of December 15, 2023, H.C. Wainwright has initiated its “Buy” rating for MYO. Earlier on November 11, 2020, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for MYO stock which previously was a “a Neutral”.
Analyzing MYO Stock Performance
During the last five days, there has been a drop of approximately -3.87%. Over the course of the year, Myomo Inc shares have dropped approximately -49.84%. Shares of the company reached a 52-week high of $7.17 on 01/07/25 and a 52-week low of $3.08 on 05/15/25. A 50-day SMA is recorded $4.64, while a 200-day SMA reached $4.84.
Support And Resistance Levels for Myomo Inc (MYO)
According to the 24-hour chart, there is a support level at 3.11, which, if violated, would cause prices to drop to 2.98. In the upper region, resistance lies at 3.33. The next price resistance is at 3.42. RSI (Relative Strength Index) is 29.46 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 92.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
