In a filing, Scilex Holding Company revealed its insider SHAH JAISIM acquired Company’s shares for reported $52099.0 on May 17 ’24. In the deal valued at $0.92 per share,56,939 shares were bought. As a result of this transaction, SHAH JAISIM now holds 155,882 shares worth roughly $0.25 million.
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Then, Chun Jay bought 57,500 shares, generating $51,641 in total proceeds. Upon buying the shares at $0.90, the Director now owns 102,500 shares.
Before that, Ji Henry bought 50,000 shares. Scilex Holding Company shares valued at $43,985 were divested by the Executive Chairperson at a price of $0.88 per share. As a result of the transaction, Ji Henry now holds 50,070 shares, worth roughly $80612.70000000001.
Rodman & Renshaw initiated its Scilex Holding Company [SCLX] rating to a Buy in a research note published on June 13, 2024; the price target was $13. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. B. Riley Securities began covering SCLX with “Buy” recommendation on October 13, 2023. H.C. Wainwright started covering the stock on October 09, 2023. It rated SCLX as “a Buy”.
Price Performance Review of SCLX
On Friday, Scilex Holding Company [NASDAQ:SCLX] saw its stock jump 8.05% to $1.61. Over the last five days, the stock has gained 47.71%. Scilex Holding Company shares have fallen nearly -21.08% since the year began. Nevertheless, the stocks have fallen -78.39% over the past one year. While a 52-week high of $8.30 was reached on 02/29/24, a 52-week low of $0.73 was recorded on 05/10/24. SMA at 50 days reached $1.0707, while 200 days put it at $1.5152. A total of 2.0 million shares were traded, compared to the trading of 1.81 million shares in the previous session.
Levels Of Support And Resistance For SCLX Stock
The 24-hour chart illustrates a support level at 1.4967, which if violated will result in even more drops to 1.3833. On the upside, there is a resistance level at 1.6817. A further resistance level may holdings at 1.7533. The Relative Strength Index (RSI) on the 14-day chart is 74.61, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.3040, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.92%. Stochastics %K at 86.14% indicates the stock is a selling.
