|Bid||68.14 x 900|
|Ask||71.55 x 800|
|Day's Range||68.56 - 69.79|
|52 Week Range||48.91 - 82.06|
|Beta (5Y Monthly)||0.55|
|PE Ratio (TTM)||60.64|
|Earnings Date||Dec 21, 2020 - Dec 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||81.50|
Neogen Corporation (Nasdaq: NEOG) today announced the launch of Igenity® Feeder, a DNA tool designed to assist cattle producers in the stocker and backgrounder phase to rank and manage feeder cattle according to their genetic potential for carcass traits.
Vice President Lilly Jason Warren filed a Form 4 with the SEC on Thursday, October 22. The insider sold 6,666 shares of Neogen Inc (NASDAQ:NEOG) at an average price of $70.62. After the transaction, the executive's stake in Neogen Inc. moved to 10,409 shares. Neogen was trading 0.8% higher from the previous closing price.The Importance of Insider Transactions While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Insiders who sell stock at new lows could be anticipating some capitulation moment. If the insider sells at new highs, it could point to the intention to "take some profit" and "lock in a gain."Transaction Codes To Focus On Wall Street tends to focus on insider transactions which take place in the open market, viewed inside a Form 4 filing via codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes other than P or S are often viewed with less conviction as they are often not tied to a decision by the exec. As an example, transaction code C indicates the conversion of an option. Transaction code A indicates the insider may have been forced to sell shares in order to receive compensation the exec was promised upon being hired by a company.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Earnings Scheduled For September 22, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Neogen (NEOG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.