Exelixis Inc’s filing revealed that its Director Garber Alan M unloaded Company’s shares for reported $0.46 million on Mar 21 ’24. In the deal valued at $24.01 per share,19,205 shares were sold. As a result of this transaction, Garber Alan M now holds 35,703 shares worth roughly $0.85 million.
Then, Haley Patrick J. sold 47,020 shares, generating $1,008,579 in total proceeds. Upon selling the shares at $21.45, the EVP, Commercial now owns 384,866 shares.
Before that, JOHNSON DAVID EDWARD bought 190,000 shares. Exelixis Inc shares valued at $3,932,734 were divested by the Director at a price of $20.70 per share. As a result of the transaction, JOHNSON DAVID EDWARD now holds 1,100,730 shares, worth roughly $26.11 million.
BTIG Research initiated its Exelixis Inc [EXEL] rating to a Buy in a research note published on December 19, 2023; the price target was $27. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. H.C. Wainwright began covering EXEL with “Buy” recommendation on September 26, 2023. Oppenheimer maintained its rating on August 22, 2023. It rated EXEL as “an Outperform”.
Price Performance Review of EXEL
On Tuesday, Exelixis Inc [NASDAQ:EXEL] saw its stock jump 1.58% to $23.72. Over the last five days, the stock has gained 1.63%. Exelixis Inc shares have fallen nearly -1.13% since the year began. Nevertheless, the stocks have risen 15.82% over the past one year. While a 52-week high of $24.34 was reached on 01/02/24, a 52-week low of $18.08 was recorded on 01/08/24. SMA at 50 days reached $22.21, while 200 days put it at $21.62. A total of 1.29 million shares were traded, compared to the trading of 2.29 million shares in the previous session.
Levels Of Support And Resistance For EXEL Stock
The 24-hour chart illustrates a support level at 23.42, which if violated will result in even more drops to 23.12. On the upside, there is a resistance level at 23.88. A further resistance level may holdings at 24.04. The Relative Strength Index (RSI) on the 14-day chart is 59.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.55%. Stochastics %K at 51.34% indicates the stock is a holding.
How much short interest is there in Exelixis Inc?
A steep rise in short interest was recorded in Exelixis Inc stocks on Mar 28, 2024, dropping by -2.02 million shares to a total of 6.83 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 8.85 million shares. There was a decline of -29.58%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.59% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.74.
The most recent change occurred on August 08, 2023 when SVB Securities began covering the stock and recommended ‘”a Market perform”‘ rating along with a $18 price target.
