Keeping an Eye on Dynavax Technologies Corporation (DVAX) After Insider Trading Activity


Dynavax Technologies Corporation’s filing revealed that its SVP and CMO Janssen Robert unloaded Company’s shares for reported $9012.0 on Aug 24. In the deal valued at $15.02 per share,600 shares were sold. As a result of this transaction, Janssen Robert now holds 49,925 shares worth roughly $ 0.73 million.

Top 5 EV Tech Stocks to Buy for 2023

The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".

Click Here to Download the FREE Report.


Then, Janssen Robert sold 34,857 shares, generating $523,204 in total proceeds. Upon selling the shares at $15.01, the SVP and CMO now owns 49,925 shares.

Before that, Hack Andrew A. F. sold 1,500,000 shares. Dynavax Technologies Corporation shares valued at $21,585,000 were divested by the Director at a price of $14.39 per share. As a result of the transaction, Hack Andrew A. F. now holds 915,000 shares, worth roughly $13.3 million.

JMP Securities initiated its Dynavax Technologies Corporation [DVAX] rating to a Mkt outperform in a research note published on Friday, September 27, 2022; the price target was $22. PT values the company’s stock at a premium of 33.91 to its Friday closing price.

Price Performance Review of DVAX

On Friday, Dynavax Technologies Corporation [NASDAQ:DVAX] saw its stock jump 1.25% to $14.54. On the same session, the stock had its day’s lowest price of $14.40, but rose to a high of $14.58. Over the last five days, the stock has lost -1.36%. Dynavax Technologies Corporation shares have risen nearly 36.65% since the year began. Nevertheless, the stocks have risen 26.77% over the past one year. While a 52-week high of $15.12 was reached on 08/08/23, a 52-week low of $9.42 was recorded on 03/17/23. SMA at 50 days reached $14.00, while 200 days put it at $11.83. A total of 1.56 million shares were traded, compared to the trading of 1.7 million shares in the previous session.

Levels Of Support And Resistance For DVAX Stock

The 24-hour chart illustrates a support level at 14.43, which if violated will result in even more drops to 14.33. On the upside, there is a resistance level at 14.61. A further resistance level may holdings at 14.69. The Relative Strength Index (RSI) on the 14-day chart is 53.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.81%. Stochastics %K at 47.83% indicates the stock is a holding.

How much short interest is there in Dynavax Technologies Corporation?

A steep rise in short interest was recorded in Dynavax Technologies Corporation stocks on Aug 14, 2023, dropping by -3.44 million shares to a total of 14.67 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 18.11 million shares. There was a decline of -23.45%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.90% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.49.

Dynavax Technologies Corporation [DVAX] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 17,587,958 shares, or roughly 13.69% of the outstanding DVAX shares. In other words, the investor’s shares have risen by 291,613 from its previous 13-F filing of 17296345.0.. Over the last quarter, SSgA Funds Management, Inc. sold -1,155,281 shares of Dynavax Technologies Corporation, while Deep Track Capital LP sold 207,816 shares. At present, Chicago Capital LLC is holding 5,810,468 shares valued at $81.29 million. Fisher Asset Management LLC owned 3,900,949 shares of the company at the time of its most recent 13F filing, worth $54.57 million.

According to FactSet, Dynavax Technologies Corporation’s share price will average $24.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 74.09 percent from its previous closing price of $14.36. Analysts expect Dynavax Technologies Corporation stock to reach the higher price of $27.00, while the lowest price estimate is $21.00. However, 5 analysts have rated DVAX stock as a Buy in their predictions for 2023.


Please enter your comment!
Please enter your name here