Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Annexon Inc shares valued at $19,411 were purchased by Carson William H. on Apr 08 ’24. At $6.07 per share, Carson William H. acquired 3,200 shares. The insider’s holdings grew to 3,200 shares worth approximately $14688.0 following the completion of this transaction.
Also, Yednock Ted sold 2,604 shares, netting a total of over 14,348 in proceeds. Following the sale of shares at $5.51 each, the insider now holds 72,471 shares.
Before that, Lew Jennifer had sold 2,593 shares from its account. In a trade valued at $14,339, the EVP & CHIEF FINANCIAL OFFICER traded Annexon Inc shares for $5.53 each. Upon closing the transaction, the insider’s holdings decreased to 2,593 shares, worth approximately $0.38 million.
As published in a research note from JP Morgan on March 01, 2024, Annexon Inc [ANNX] has been rated up from a Neutral to an Overweight and the price target has been revised to $11. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late December. As of October 30, 2023, Wells Fargo has initiated its “an Overweight” rating for ANNX. Earlier on May 26, 2023, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for ANNX stock which previously was a “a Buy”.
Analyzing ANNX Stock Performance
During the last five days, there has been a drop of approximately -25.69%. Over the course of the year, Annexon Inc shares have jumped approximately 0.99%. Shares of the company reached a 52-week high of $8.40 on 03/27/24 and a 52-week low of $3.86 on 02/05/24. A 50-day SMA is recorded $5.75, while a 200-day SMA reached $3.71. Nevertheless, trading volume fell to 1.98 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Annexon Inc (ANNX)
According to the 24-hour chart, there is a support level at 4.37, which, if violated, would cause prices to drop to 4.16. In the upper region, resistance lies at 5.00. The next price resistance is at 5.42. RSI (Relative Strength Index) is 33.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 99.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
