Agenus Inc’s recent filing unveils that its insider ARMEN GARO H acquired Company’s shares for reported $0.32 million on Feb 15 ’24. In the deal valued at $0.65 per share,500,000 shares were bought. As a result of this transaction, ARMEN GARO H now holds 625,969 shares worth roughly $0.35 million.
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Then, WIINBERG ULF bought 25,000 shares, generating $19,000 in total proceeds. Upon buying the shares at $0.76, the Director now owns 124,063 shares.
Before that, AGENUS INC bought 429 shares. Agenus Inc shares valued at $472 were divested by the 10% Owner at a price of $1.10 per share. As a result of the transaction, AGENUS INC now holds 21,772,863 shares, worth roughly $12.19 million.
Robert W. Baird initiated its Agenus Inc [AGEN] rating to an Outperform in a research note published on June 06, 2023; the price target was $8. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early June with a ‘”an Outperform”‘ rating. SMBC Nikko started covering the stock on September 28, 2022. It rated AGEN as “an Outperform”.
Price Performance Review of AGEN
On Monday, Agenus Inc [NASDAQ:AGEN] saw its stock jump 2.25% to $0.56. Over the last five days, the stock has gained 5.42%. Agenus Inc shares have fallen nearly -32.55% since the year began. Nevertheless, the stocks have fallen -61.55% over the past one year. While a 52-week high of $2.13 was reached on 02/14/24, a 52-week low of $0.49 was recorded on 03/18/24. SMA at 50 days reached $0.6542, while 200 days put it at $1.0460. A total of 5.26 million shares were traded, compared to the trading of 5.58 million shares in the previous session.
Levels Of Support And Resistance For AGEN Stock
The 24-hour chart illustrates a support level at 0.5403, which if violated will result in even more drops to 0.5223. On the upside, there is a resistance level at 0.5681. A further resistance level may holdings at 0.5779. The Relative Strength Index (RSI) on the 14-day chart is 39.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0534, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.64%. Stochastics %K at 27.86% indicates the stock is a holding.
How much short interest is there in Agenus Inc?
A steep rise in short interest was recorded in Agenus Inc stocks on Feb 29, 2024, growing by 1.34 million shares to a total of 45.19 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 43.85 million shares. There was a rise of 2.97%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.41% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.29.
The most recent change occurred on December 16, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
