Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exelixis Inc shares valued at $461,112 were sold by Garber Alan M on Mar 21 ’24. At $24.01 per share, Garber Alan M sold 19,205 shares. The insider’s holdings dropped to 35,703 shares worth approximately $0.77 million following the completion of this transaction.
Also, Haley Patrick J. sold 47,020 shares, netting a total of over 1,008,579 in proceeds. Following the sale of shares at $21.45 each, the insider now holds 384,866 shares.
Before that, JOHNSON DAVID EDWARD had added 190,000 shares to its account. In a trade valued at $3,932,734, the Director bought Exelixis Inc shares for $20.70 each. Upon closing the transaction, the insider’s holdings increased to 190,000 shares, worth approximately $23.76 million.
As published in a research note from Barclays on April 11, 2024, Exelixis Inc [EXEL] has been rated down from an Overweight to an Equal weight and the price target has been revised to $25. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 15, 2023, Citigroup has initiated its “Buy” rating for EXEL. Earlier on September 26, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for EXEL stock.
Analyzing EXEL Stock Performance
During the last five days, there has been a drop of approximately -1.53%. Over the course of the year, Exelixis Inc shares have dropped approximately -10.00%. Shares of the company reached a 52-week high of $24.34 on 01/02/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $22.94, while a 200-day SMA reached $21.98. Nevertheless, trading volume fell to 2.21 million shares from 2.16 million shares the previous day.
Support And Resistance Levels for Exelixis Inc (EXEL)
According to the 24-hour chart, there is a support level at 21.36, which, if violated, would cause prices to drop to 21.13. In the upper region, resistance lies at 22.02. The next price resistance is at 22.46. RSI (Relative Strength Index) is 35.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.86, which suggests the price will decrease in the coming days. Percent R is at 71.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
