Investing in Apellis Pharmaceuticals Inc. (APLS) Is Getting More Attractive


Apellis Pharmaceuticals Inc.’s recently made public that its Chief Commercial Officer Townsend Adam J. unloaded Company’s shares for reported $0.29 million on Nov 03. In the deal valued at $58.54 per share,5,000 shares were sold. As a result of this transaction, Townsend Adam J. now holds 42,907 shares worth roughly $ 2.04 million.

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Then, Grossi Federico sold 2,500 shares, generating $152,075 in total proceeds. Upon selling the shares at $60.83, the Chief Medical Officer now owns 99,884 shares.

Before that, Dunlop A. Sinclair sold 500 shares. Apellis Pharmaceuticals Inc. shares valued at $30,415 were divested by the Director at a price of $60.83 per share. As a result of the transaction, Dunlop A. Sinclair now holds 129,930 shares, worth roughly $6.19 million.

H.C. Wainwright initiated its Apellis Pharmaceuticals Inc. [APLS] rating to a Buy in a research note published on Monday, July 19, 2022; the price target was $75. PT values the company’s stock at a premium of 36.51 to its Monday closing price. ROTH Capital also remained covering APLS and has decreased its forecast on April 14, 2022 with a “Sell” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on December 08, 2021. It rated APLS as “an Overweight”.

Price Performance Review of APLS

On Monday, Apellis Pharmaceuticals Inc. [NASDAQ:APLS] saw its stock fall -5.55% to $47.62. On the same session, the stock had its day’s lowest price of $46.31, but rose to a high of $50.96. Over the last five days, the stock has lost -21.28%. Apellis Pharmaceuticals Inc. shares have risen nearly 0.72% since the year began. Nevertheless, the stocks have risen 39.44% over the past one year. While a 52-week high of $70.00 was reached on 09/09/22, a 52-week low of $33.08 was recorded on 05/11/22. SMA at 50 days reached $60.57, while 200 days put it at $51.37. A total of 3.52 million shares were traded, compared to the trading of 0.78 million shares in the previous session.

Levels Of Support And Resistance For APLS Stock

The 24-hour chart illustrates a support level at 45.63, which if violated will result in even more drops to 43.65. On the upside, there is a resistance level at 50.28. A further resistance level may holdings at 52.95. The Relative Strength Index (RSI) on the 14-day chart is 28.75, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.00%. Stochastics %K at 35.54% indicates the stock is a holding.

How much short interest is there in Apellis Pharmaceuticals Inc.?

A steep rise in short interest was recorded in Apellis Pharmaceuticals Inc. stocks on Jul 14, 2022, growing by 0.22 million shares to a total of 9.37 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 9.15 million shares. There was a rise of 2.35%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.86.

Apellis Pharmaceuticals Inc. [APLS] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 11,542,743 shares, or roughly 10.51% of the outstanding APLS shares. In other words, the investor’s shares have fallen by -2,656,551 from its previous 13-F filing of 14199294.0. Additionally, Avoro Capital Advisor LLC increased 3.76% of its stake after which the total value it holdings stand at $669,681,500, while T. Rowe Price Associates, Inc. added 10.08% of its stake to hold $592.83 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 139,206 shares of Apellis Pharmaceuticals Inc., while BlackRock Fund Advisors bought 738,030 shares. At present, Ecor1 Capital LLC is holding 5,183,431 shares valued at $354.03 million. SSgA Funds Management, Inc. owned 3,496,925 shares of the company at the time of its most recent 13F filing, worth $238.84 million.


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