In a filing, Codexis Inc. revealed its Director Dorgan Byron L unloaded Company’s shares for reported $42168.0 on Nov 15 ’23. In the deal valued at $2.11 per share,20,000 shares were sold. As a result of this transaction, Dorgan Byron L now holds 193,461 shares worth roughly $0.67 million.
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Then, Norrett Kevin bought 9,000 shares, generating $15,479 in total proceeds. Upon buying the shares at $1.72, the Chief Operating Officer now owns 98,102 shares.
Before that, DILLY STEPHEN GEORGE bought 58,479 shares. Codexis Inc. shares valued at $100,952 were divested by the insider at a price of $1.73 per share. As a result of the transaction, DILLY STEPHEN GEORGE now holds 438,878 shares, worth roughly $1.51 million.
The Benchmark Company upgraded its Codexis Inc. [CDXS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. TD Cowen also remained covering CDXS and has decreased its forecast on August 07, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. H.C. Wainwright revised its rating on May 09, 2023. It rated CDXS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CDXS
On Tuesday, Codexis Inc. [NASDAQ:CDXS] saw its stock unchanged to $3.45. Over the last five days, the stock has gained 5.50%. Codexis Inc. shares have risen nearly 13.11% since the year began. Nevertheless, the stocks have fallen -11.08% over the past one year. While a 52-week high of $4.91 was reached on 02/29/24, a 52-week low of $1.45 was recorded on 02/06/24. SMA at 50 days reached $3.18, while 200 days put it at $2.55. A total of 0.34 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For CDXS Stock
The 24-hour chart illustrates a support level at 3.40, which if violated will result in even more drops to 3.36. On the upside, there is a resistance level at 3.54. A further resistance level may holdings at 3.64. The Relative Strength Index (RSI) on the 14-day chart is 51.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.00%. Stochastics %K at 44.20% indicates the stock is a holding.
How much short interest is there in Codexis Inc.?
A steep rise in short interest was recorded in Codexis Inc. stocks on Feb 29, 2024, growing by 20000.0 shares to a total of 2.54 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.52 million shares. There was a rise of 0.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.58.
