In a filing, Annexon Inc revealed its EVP & CHIEF INNOVATION OFFICER Yednock Ted unloaded Company’s shares for reported $14348.0 on Feb 20 ’24. In the deal valued at $5.51 per share,2,604 shares were sold. As a result of this transaction, Yednock Ted now holds 72,471 shares worth roughly $0.45 million.
Then, Lew Jennifer sold 2,593 shares, generating $14,339 in total proceeds. Upon selling the shares at $5.53, the EVP & CHIEF FINANCIAL OFFICER now owns 82,058 shares.
Before that, Overdorf Michael sold 1,951 shares. Annexon Inc shares valued at $10,691 were divested by the EVP & CHIEF BUSINESS OFFICER at a price of $5.48 per share. As a result of the transaction, Overdorf Michael now holds 85,641 shares, worth roughly $0.53 million.
JP Morgan upgraded its Annexon Inc [ANNX] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “a Buy”. Wells Fargo began covering ANNX with “an Overweight” recommendation on October 30, 2023. BofA Securities revised its rating on May 26, 2023. It rated ANNX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ANNX
On Friday, Annexon Inc [NASDAQ:ANNX] saw its stock fall -2.98% to $6.19. Over the last five days, the stock has lost -13.67%. Annexon Inc shares have risen nearly 36.34% since the year began. Nevertheless, the stocks have risen 55.92% over the past one year. While a 52-week high of $8.40 was reached on 03/27/24, a 52-week low of $1.57 was recorded on 02/05/24. SMA at 50 days reached $5.53, while 200 days put it at $3.61. A total of 1.02 million shares were traded, compared to the trading of 1.42 million shares in the previous session.
Levels Of Support And Resistance For ANNX Stock
The 24-hour chart illustrates a support level at 6.04, which if violated will result in even more drops to 5.88. On the upside, there is a resistance level at 6.34. A further resistance level may holdings at 6.49. The Relative Strength Index (RSI) on the 14-day chart is 51.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.66%. Stochastics %K at 27.94% indicates the stock is a holding.
How much short interest is there in Annexon Inc?
A steep rise in short interest was recorded in Annexon Inc stocks on Mar 15, 2024, growing by 0.5 million shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.99 million shares. There was a rise of 20.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.38.
