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Potential Price Increase for Dynavax Technologies Corp. (DVAX) After Recent Insider Activity

Dynavax Technologies Corp.’s recently made public that its Chief Accounting Officer Burgess Justin unloaded Company’s shares for reported $0.26 million on Mar 01 ’24. In the deal valued at $12.78 per share,20,526 shares were sold. As a result of this transaction, Burgess Justin now holds 0 shares worth roughly $0.0.

Then, Janssen Robert sold 1,500 shares, generating $22,500 in total proceeds. Upon selling the shares at $15.00, the SVP and CMO now owns 49,925 shares.

Before that, Novack David F sold 9,000 shares. Dynavax Technologies Corp. shares valued at $130,050 were divested by the President & COO at a price of $14.45 per share. As a result of the transaction, Novack David F now holds 3,187 shares, worth roughly $37734.08.

Goldman initiated its Dynavax Technologies Corp. [DVAX] rating to a Neutral in a research note published on February 01, 2024; the price target was $20. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late September with a ‘”a Mkt outperform”‘ rating. Goldman started covering the stock on August 06, 2021. It rated DVAX as “a Buy”.

Price Performance Review of DVAX

On Friday, Dynavax Technologies Corp. [NASDAQ:DVAX] saw its stock fall -1.42% to $11.84. Over the last five days, the stock has lost -1.74%. Dynavax Technologies Corp. shares have fallen nearly -15.31% since the year began. Nevertheless, the stocks have risen 10.65% over the past one year. While a 52-week high of $15.15 was reached on 01/04/24, a 52-week low of $10.06 was recorded on 03/18/24. SMA at 50 days reached $12.48, while 200 days put it at $13.59. A total of 1.94 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For DVAX Stock

The 24-hour chart illustrates a support level at 11.73, which if violated will result in even more drops to 11.62. On the upside, there is a resistance level at 11.98. A further resistance level may holdings at 12.13. The Relative Strength Index (RSI) on the 14-day chart is 36.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.21%. Stochastics %K at 16.72% indicates the stock is a buying.

The most recent change occurred on August 07, 2020 when H.C. Wainwright resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $12.

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