Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $8.3 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 $288.71 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 surge of approximately 78.71%. Over the course of the year, Agenus Inc shares have dropped approximately -19.92%. Shares of the company reached a 52-week high of $18.98 on 02/14/24 and a 52-week low of $4.78 on 04/18/24. A 50-day SMA is recorded $10.94, while a 200-day SMA reached $17.48. Nevertheless, trading volume fell to 0.92 million shares from 1.18 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 12.12, which, if violated, would cause prices to drop to 10.99. In the upper region, resistance lies at 14.03. The next price resistance is at 14.81. RSI (Relative Strength Index) is 66.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.54, which suggests the price will increase in the coming days. Percent R is at 10.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
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.
