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Citigroup gives a Buy recommendation for Denali Therapeutics Inc (DNLI)

In a filing, Denali Therapeutics Inc revealed its Director SATO VICKI L unloaded Company’s shares for reported $30471.0 on Apr 15 ’24. In the deal valued at $18.29 per share,1,666 shares were sold. As a result of this transaction, SATO VICKI L now holds 118,043 shares worth roughly $2.28 million.

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Then, Krognes Steve E. sold 92,500 shares, generating $1,896,250 in total proceeds. Upon selling the shares at $20.50, the Director now owns 47,341 shares.

Before that, SATO VICKI L sold 1,666 shares. Denali Therapeutics Inc shares valued at $33,487 were divested by the Director at a price of $20.10 per share. As a result of the transaction, SATO VICKI L now holds 119,709 shares, worth roughly $2.31 million.

Citigroup initiated its Denali Therapeutics Inc [DNLI] rating to a Buy in a research note published on December 13, 2023; the price target was $32. B. Riley Securities started covering the stock on September 06, 2023. It rated DNLI as “a Buy”.

Price Performance Review of DNLI

On Monday, Denali Therapeutics Inc [NASDAQ:DNLI] saw its stock jump 5.41% to $19.30. Over the last five days, the stock has gained 12.60%. Denali Therapeutics Inc shares have fallen nearly -10.07% since the year began. Nevertheless, the stocks have fallen -30.30% over the past one year. While a 52-week high of $33.31 was reached on 02/27/24, a 52-week low of $14.56 was recorded on 04/25/24. SMA at 50 days reached $18.70, while 200 days put it at $20.07. A total of 0.77 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For DNLI Stock

The 24-hour chart illustrates a support level at 18.63, which if violated will result in even more drops to 17.95. On the upside, there is a resistance level at 19.72. A further resistance level may holdings at 20.13. The Relative Strength Index (RSI) on the 14-day chart is 61.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.70%. Stochastics %K at 73.81% indicates the stock is a holding.

The most recent change occurred on January 30, 2023 when SVB Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $50 price target.

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