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Arcus Biosciences Inc [RCUS] Chief Operating Officer makes an insider sale of 11,551 shares worth $0.2 million.

Arcus Biosciences Inc’s filing revealed that its Chief Operating Officer Jarrett Jennifer unloaded Company’s shares for reported $0.2 million on Mar 27 ’24. In the deal valued at $17.55 per share,11,551 shares were sold. As a result of this transaction, Jarrett Jennifer now holds 215,253 shares worth roughly $3.34 million.

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Then, Jarrett Jennifer sold 13,449 shares, generating $240,941 in total proceeds. Upon selling the shares at $17.92, the Chief Operating Officer now owns 226,804 shares.

Before that, Jarrett Jennifer sold 34,070 shares. Arcus Biosciences Inc shares valued at $685,148 were divested by the Chief Operating Officer at a price of $20.11 per share. As a result of the transaction, Jarrett Jennifer now holds 240,253 shares, worth roughly $3.72 million.

BofA Securities initiated its Arcus Biosciences Inc [RCUS] rating to a Neutral in a research note published on November 18, 2022; the price target was $33. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid October with a ‘”an Overweight”‘ rating. Berenberg started covering the stock on November 24, 2020. It rated RCUS as “a Buy”.

Price Performance Review of RCUS

On Friday, Arcus Biosciences Inc [NYSE:RCUS] saw its stock fall -2.52% to $15.50. Over the last five days, the stock has gained 2.85%. Arcus Biosciences Inc shares have fallen nearly -18.85% since the year began. Nevertheless, the stocks have fallen -24.68% over the past one year. While a 52-week high of $25.47 was reached on 02/27/24, a 52-week low of $12.95 was recorded on 04/19/24. SMA at 50 days reached $16.23, while 200 days put it at $17.05. A total of 0.51 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For RCUS Stock

The 24-hour chart illustrates a support level at 15.30, which if violated will result in even more drops to 15.09. On the upside, there is a resistance level at 15.88. A further resistance level may holdings at 16.26. The Relative Strength Index (RSI) on the 14-day chart is 44.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.78%. Stochastics %K at 40.45% indicates the stock is a holding.

The most recent change occurred on November 23, 2020 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating.

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