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CytomX Therapeutics Inc (CTMX) may enjoy gains as insiders got busy in the recent days

CytomX Therapeutics Inc’s filing revealed that its CEO McCarthy Sean A. unloaded Company’s shares for reported $42175.0 on Mar 19 ’24. In the deal valued at $2.09 per share,20,223 shares were sold. As a result of this transaction, McCarthy Sean A. now holds 524,481 shares worth roughly $1.04 million.

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Then, BELVIN MARCIA sold 12,795 shares, generating $26,684 in total proceeds. Upon selling the shares at $2.09, the SVP, Chief Scientific Officer now owns 168,579 shares.

Before that, Landau Jeffrey B sold 6,562 shares. CytomX Therapeutics Inc shares valued at $13,685 were divested by the Chief Business Officer at a price of $2.09 per share. As a result of the transaction, Landau Jeffrey B now holds 110,060 shares, worth roughly $0.22 million.

Wedbush upgraded its CytomX Therapeutics Inc [CTMX] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early May from “a Hold” to “a Buy”. JP Morgan also remained covering CTMX and has increased its forecast on April 22, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. BMO Capital Markets revised its rating on November 14, 2022. It rated CTMX as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of CTMX

On Friday, CytomX Therapeutics Inc [NASDAQ:CTMX] saw its stock fall -2.94% to $1.98. Over the last five days, the stock has lost -55.30%. CytomX Therapeutics Inc shares have risen nearly 27.74% since the year began. Nevertheless, the stocks have risen 8.79% over the past one year. While a 52-week high of $5.85 was reached on 05/01/24, a 52-week low of $1.04 was recorded on 02/13/24. SMA at 50 days reached $2.3672, while 200 days put it at $1.6802. A total of 12.11 million shares were traded, compared to the trading of 41.56 million shares in the previous session.

Levels Of Support And Resistance For CTMX Stock

The 24-hour chart illustrates a support level at 1.8700, which if violated will result in even more drops to 1.7600. On the upside, there is a resistance level at 2.0700. A further resistance level may holdings at 2.1600. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1526, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.63%. Stochastics %K at 27.09% indicates the stock is a holding.

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