Grail (NASDAQ:GRAL) Sees Large Volume Increase – Here’s What Happened

Grail, Inc. (NASDAQ:GRAL) shares saw an uptick in trading volume on Wednesday . 767,467 shares were traded during trading, an increase of 7% from the previous session’s volume of 716,739 shares.The stock last traded at $21.69 and had previously closed at $18.49.

Analysts Set New Price Targets

A number of research analysts recently issued reports on GRAL shares. Guggenheim started coverage on Grail in a research note on Thursday, October 17th. They set a “neutral” rating on the stock. Morgan Stanley assumed coverage on shares of Grail in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $16.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Grail in a research note on Friday, November 15th. They set a “peer perform” rating for the company.

Grail Price Performance

The company has a fifty day simple moving average of $18.57.

Grail (NASDAQ:GRAL) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($3.94) EPS for the quarter. The firm had revenue of $28.65 million for the quarter. On average, research analysts anticipate that Grail, Inc. will post -65.16 EPS for the current fiscal year.

Insider Activity at Grail

In other news, CFO Aaron Freidin sold 30,452 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $14.02, for a total value of $426,937.04. Following the completion of the sale, the chief financial officer now owns 268,277 shares of the company’s stock, valued at $3,761,243.54. This represents a 10.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Trading of Grail

Several large investors have recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new stake in Grail during the 4th quarter valued at approximately $26,000. China Universal Asset Management Co. Ltd. bought a new stake in shares of Grail in the fourth quarter worth $127,000. Perigon Wealth Management LLC acquired a new stake in Grail in the fourth quarter valued at $260,000. B & T Capital Management DBA Alpha Capital Management bought a new position in Grail during the 4th quarter valued at $387,000. Finally, A. D. Beadell Investment Counsel Inc. acquired a new position in Grail during the 4th quarter worth $430,000.

Grail Company Profile

GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.