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Barclays analysts downgrades an Equal weight rating for Exelixis Inc (EXEL)

Exelixis Inc’s recent filing unveils that its Director Garber Alan M unloaded Company’s shares for reported $0.46 million on Mar 21 ’24. In the deal valued at $24.01 per share,19,205 shares were sold. As a result of this transaction, Garber Alan M now holds 35,703 shares worth roughly $0.84 million.

Then, Haley Patrick J. sold 47,020 shares, generating $1,008,579 in total proceeds. Upon selling the shares at $21.45, the EVP, Commercial now owns 384,866 shares.

Before that, JOHNSON DAVID EDWARD bought 190,000 shares. Exelixis Inc shares valued at $3,932,734 were divested by the Director at a price of $20.70 per share. As a result of the transaction, JOHNSON DAVID EDWARD now holds 1,100,730 shares, worth roughly $25.82 million.

Barclays downgraded its Exelixis Inc [EXEL] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Citigroup began covering EXEL with “Buy” recommendation on December 15, 2023. H.C. Wainwright started covering the stock on September 26, 2023. It rated EXEL as “a Buy”.

Price Performance Review of EXEL

On Tuesday, Exelixis Inc [NASDAQ:EXEL] saw its stock fall -1.14% to $23.46. Over the last five days, the stock has gained 0.73%. Exelixis Inc shares have fallen nearly -2.21% since the year began. Nevertheless, the stocks have risen 28.20% over the past one year. While a 52-week high of $24.34 was reached on 01/02/24, a 52-week low of $18.21 was recorded on 01/08/24. SMA at 50 days reached $22.86, while 200 days put it at $21.91. A total of 2.15 million shares were traded, compared to the trading of 1.56 million shares in the previous session.

Levels Of Support And Resistance For EXEL Stock

The 24-hour chart illustrates a support level at 23.36, which if violated will result in even more drops to 23.25. On the upside, there is a resistance level at 23.65. A further resistance level may holdings at 23.83. The Relative Strength Index (RSI) on the 14-day chart is 54.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 25.90%. Stochastics %K at 86.13% indicates the stock is a selling.

The most recent change occurred on August 22, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $29.

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