What's Going On With Longeveron Stock?

Longeveron Inc. LGVN shares are trading higher Monday following insider buys from multiple company executives. Here's a look at what's going on.

What To Know:

Multiple company executives disclosed large stock purchases after the close on Friday. Joshua Hare, Chief Scientific Officer, purchased 297,872 shares. Rock Soffer, director, purchased 276,596 shares and CEO Mohamed Wa’el Ahmed Hashad purchased 21,276 shares. 

Longeveron announced the closing of its public offering last week with proceeds of approximately $5.2 million. The company intends to use the net proceeds from the offering for its ongoing clinical and regulatory development of Lomecel-B for the treatment of several disease states and indications, including HLHS and Alzheimer’s disease, obtaining regulatory approvals, capital expenditures, working capital and other general corporate purposes.

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Should I Sell My LGVN Stock?

Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.

Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.

Shares of Longeveron have lost 91.16% year to date. This compares to the average annual return of -71.29%, meaning the stock has under-performed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity.

Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Longeveron stock currently has an RSI of 15.75, indicating oversold conditions.

For analysis tools, charting data and access to exclusive stock news, check out Benzinga PRO. Try it for free.

LGVN Price Action: According to Benzinga Pro, Longeveron shares are up 50.3% at $2.54 at the time of publication Monday.

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