The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Agenus Inc shares valued at $324,050 were purchased by ARMEN GARO H on Feb 15 ’24. At $0.65 per share, ARMEN GARO H acquired 500,000 shares. The insider’s holdings grew to 625,969 shares worth approximately $0.28 million following the completion of this transaction.
Also, WIINBERG ULF purchased 25,000 shares, netting a total of over 19,000 in proceeds. Following the buying of shares at $0.76 each, the insider now holds 124,063 shares.
Before that, AGENUS INC had added 429 shares to its account. In a trade valued at $472, the 10% Owner bought Agenus Inc shares for $1.10 each. Upon closing the transaction, the insider’s holdings increased to 429 shares, worth approximately $9.8 million.
As published in their initiating research note from Robert W. Baird on June 06, 2023, Agenus Inc [AGEN] has been an Outperform and the price target has been revised to $8. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in early June. Earlier on September 28, 2022, SMBC Nikko initiated its rating. Their recommendation was “an Outperform” for AGEN stock.
Analyzing AGEN Stock Performance
During the last five days, there has been a drop of approximately -15.85%. Over the course of the year, Agenus Inc shares have dropped approximately -46.12%. Shares of the company reached a 52-week high of $0.9490 on 02/14/24 and a 52-week low of $0.4100 on 04/08/24. A 50-day SMA is recorded $0.6340, while a 200-day SMA reached $0.9714. Nevertheless, trading volume fell to 6.03 million shares from 26.42 million shares the previous day.
Support And Resistance Levels for Agenus Inc (AGEN)
According to the 24-hour chart, there is a support level at 0.4308, which, if violated, would cause prices to drop to 0.4156. In the upper region, resistance lies at 0.4706. The next price resistance is at 0.4952. RSI (Relative Strength Index) is 33.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0609, which suggests the price will decrease in the coming days. Percent R is at 80.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Agenus Inc subject to short interest?
Stocks of Agenus Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 2.53 million shares to 47.72 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 45.19 million shares. A jump of 5.3% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.97.
Which companies own the most shares of Agenus Inc (AGEN)?
On December 16, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $12.
