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Dynavax Technologies Corp. (DVAX) gets rating Initiated from Goldman

In a filing, Dynavax Technologies Corp. revealed 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 $37415.38.

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 jump 0.17% to $11.74. Over the last five days, the stock has gained 4.73%. Dynavax Technologies Corp. shares have fallen nearly -16.02% since the year began. Nevertheless, the stocks have risen 6.53% 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 04/26/24. SMA at 50 days reached $12.14, while 200 days put it at $13.44. A total of 1.5 million shares were traded, compared to the trading of 1.76 million shares in the previous session.

Levels Of Support And Resistance For DVAX Stock

The 24-hour chart illustrates a support level at 11.61, which if violated will result in even more drops to 11.49. On the upside, there is a resistance level at 11.96. A further resistance level may holdings at 12.19. The Relative Strength Index (RSI) on the 14-day chart is 48.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.38%. Stochastics %K at 65.08% indicates the stock is a holding.

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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