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. Dynavax Technologies Corp. shares valued at $262,322 were sold by Burgess Justin on Mar 01 ’24. At $12.78 per share, Burgess Justin sold 20,526 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Janssen Robert sold 1,500 shares, netting a total of over 22,500 in proceeds. Following the sale of shares at $15.00 each, the insider now holds 49,925 shares.
Before that, Novack David F had sold 9,000 shares from its account. In a trade valued at $130,050, the President & COO traded Dynavax Technologies Corp. shares for $14.45 each. Upon closing the transaction, the insider’s holdings decreased to 9,000 shares, worth approximately $38084.649999999994.
As published in their initiating research note from Goldman on February 01, 2024, Dynavax Technologies Corp. [DVAX] has been a Neutral and the price target has been revised to $20. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late September. Earlier on August 06, 2021, Goldman initiated its rating. Their recommendation was “a Buy” for DVAX stock.
Analyzing DVAX Stock Performance
During the last five days, there has been a drop of approximately -1.97%. Over the course of the year, Dynavax Technologies Corp. shares have dropped approximately -14.52%. Shares of the company reached a 52-week high of $15.01 on 01/04/24 and a 52-week low of $11.65 on 03/18/24. A 50-day SMA is recorded $12.52, while a 200-day SMA reached $13.60. Nevertheless, trading volume fell to 1.81 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Dynavax Technologies Corp. (DVAX)
According to the 24-hour chart, there is a support level at 11.82, which, if violated, would cause prices to drop to 11.70. In the upper region, resistance lies at 12.05. The next price resistance is at 12.16. RSI (Relative Strength Index) is 38.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.23, which suggests the price will decrease in the coming days. Percent R is at 82.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dynavax Technologies Corp. subject to short interest?
Stocks of Dynavax Technologies Corp. saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.6 million shares to 17.97 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 16.37 million shares. A jump of 8.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.51 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.51.
Which companies own the most shares of Dynavax Technologies Corp. (DVAX)?
On August 07, 2020, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $12.
