The Potential Rise in the Price of Vaxcyte Inc. (PCVX) following insiders activity


Vaxcyte Inc.’s recent filing unveils that its Director Lukatch Heath unloaded Company’s shares for reported $14526.0 on Jan 10. In the deal valued at $46.12 per share,315 shares were sold. As a result of this transaction, Lukatch Heath now holds 3,125 shares worth roughly $ 0.13 million.

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Then, Lukatch Heath sold 335 shares, generating $14,717 in total proceeds. Upon selling the shares at $43.93, the Director now owns 3,125 shares.

Before that, Lukatch Heath sold 4,335 shares. Vaxcyte Inc. shares valued at $199,989 were divested by the Director at a price of $46.13 per share. As a result of the transaction, Lukatch Heath now holds 3,125 shares, worth roughly $0.13 million.

Needham reiterated its Vaxcyte Inc. [PCVX] rating to a Buy in a research note published on Monday, January 03, 2023; the price target was $58. PT values the company’s stock at a premium of 27.07 to its Monday closing price. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. BTIG Research began covering PCVX with “Buy” recommendation on November 17, 2022.

Price Performance Review of PCVX

On Monday, Vaxcyte Inc. [NASDAQ:PCVX] saw its stock jump 1.44% to $42.30. On the same session, the stock had its day’s lowest price of $41.64, but rose to a high of $42.62. Over the last five days, the stock has lost -4.34%. Vaxcyte Inc. shares have fallen nearly -11.78% since the year began. Nevertheless, the stocks have risen 87.17% over the past one year. While a 52-week high of $49.31 was reached on 01/03/23, a 52-week low of $17.44 was recorded on 01/11/23. SMA at 50 days reached $45.00, while 200 days put it at $32.81. A total of 0.57 million shares were traded, compared to the trading of 0.42 million shares in the previous session.

Levels Of Support And Resistance For PCVX Stock

The 24-hour chart illustrates a support level at 41.75, which if violated will result in even more drops to 41.21. On the upside, there is a resistance level at 42.73. A further resistance level may holdings at 43.17. The Relative Strength Index (RSI) on the 14-day chart is 40.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.66%. Stochastics %K at 12.45% indicates the stock is a buying.

How much short interest is there in Vaxcyte Inc.?

A steep rise in short interest was recorded in Vaxcyte Inc. stocks on Jan 30, 2023, growing by 0.17 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.48 million shares. There was a rise of 3.66%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.12% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.89.

Vaxcyte Inc. [PCVX] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 9,974,971 shares, or roughly 12.63% of the outstanding PCVX shares. In other words, the investor’s shares have risen by 1,215,895 from its previous 13-F filing of 8759076.0. Additionally, The Vanguard Group, Inc. increased 48.78% of its stake after which the total value it holdings stand at $292,328,005, while Janus Henderson Investors US LLC added 31.57% of its stake to hold $270.5 million in the firm. Over the last quarter, RA Capital Management LP purchased 1,276,256 shares of Vaxcyte Inc., while BlackRock Fund Advisors bought 1,563,597 shares. At present, Wellington Management Co. LLP is holding 3,528,114 shares valued at $160.0 million. SSgA Funds Management, Inc. owned 3,167,981 shares of the company at the time of its most recent 13F filing, worth $143.67 million.

According to FactSet, Vaxcyte Inc.’s share price will average $63.29 in the next year, based on opinions of analysts polled by the firm. This is up nearly 53.48 percent from its previous closing price of $41.70. Analysts expect Vaxcyte Inc. stock to reach the higher price of $70.00, while the lowest price estimate is $56.00. However, 7 analysts have rated PCVX stock as a Buy in their predictions for 2023.


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