Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Codexis Inc. shares valued at $42,168 were sold by Dorgan Byron L on Nov 15 ’23. At $2.11 per share, Dorgan Byron L sold 20,000 shares. The insider’s holdings dropped to 193,461 shares worth approximately $0.6 million following the completion of this transaction.
Also, Norrett Kevin purchased 9,000 shares, netting a total of over 15,479 in proceeds. Following the buying of shares at $1.72 each, the insider now holds 98,102 shares.
Before that, DILLY STEPHEN GEORGE had added 58,479 shares to its account. In a trade valued at $100,952, the insider bought Codexis Inc. shares for $1.73 each. Upon closing the transaction, the insider’s holdings increased to 58,479 shares, worth approximately $1.36 million.
As published in a research note from The Benchmark Company on February 29, 2024, Codexis Inc. [CDXS] has been rated up from a Hold to a Buy. Analysts at The Benchmark Company downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early November. As of August 07, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for CDXS. Earlier on May 09, 2023, H.C. Wainwright downgraded its rating. Their new recommendation was “a Neutral” for CDXS stock which previously was a “a Buy”.
Analyzing CDXS Stock Performance
During the last five days, there has been a surge of approximately 11.07%. Over the course of the year, Codexis Inc. shares have jumped approximately 1.97%. Shares of the company reached a 52-week high of $4.91 on 02/29/24 and a 52-week low of $2.53 on 02/06/24. A 50-day SMA is recorded $3.29, while a 200-day SMA reached $2.57. Nevertheless, trading volume fell to 0.49 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Codexis Inc. (CDXS)
According to the 24-hour chart, there is a support level at 2.96, which, if violated, would cause prices to drop to 2.80. In the upper region, resistance lies at 3.25. The next price resistance is at 3.38. RSI (Relative Strength Index) is 53.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 18.18%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
