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Understanding the Risks of Investing in Exelixis Inc (EXEL)

Exelixis Inc’s recent filing unveils that its Director WYSZOMIERSKI JACK L unloaded Company’s shares for reported $0.18 million on Jun 04 ’24. In the deal valued at $22.00 per share,8,287 shares were sold. As a result of this transaction, WYSZOMIERSKI JACK L now holds 349,499 shares worth roughly $7.6 million.

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Then, JOHNSON DAVID EDWARD bought 225,000 shares, generating $4,670,055 in total proceeds. Upon buying the shares at $20.76, the Director now owns 1,525,730 shares.

Before that, JOHNSON DAVID EDWARD bought 200,000 shares. Exelixis Inc shares valued at $4,063,900 were divested by the Director at a price of $20.32 per share. As a result of the transaction, JOHNSON DAVID EDWARD now holds 1,300,730 shares, worth roughly $28.28 million.

Barclays downgraded its Exelixis Inc [EXEL] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Citigroup began covering EXEL with “Buy” recommendation on December 15, 2023. H.C. Wainwright started covering the stock on September 26, 2023. It rated EXEL as “a Buy”.

Price Performance Review of EXEL

On Friday, Exelixis Inc [NASDAQ:EXEL] saw its stock fall -1.00% to $21.74. Over the last five days, the stock has lost -0.64%. Exelixis Inc shares have fallen nearly -9.38% since the year began. Nevertheless, the stocks have risen 15.76% over the past one year. While a 52-week high of $24.34 was reached on 01/02/24, a 52-week low of $18.64 was recorded on 01/08/24. SMA at 50 days reached $22.08, while 200 days put it at $22.04. A total of 1.15 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For EXEL Stock

The 24-hour chart illustrates a support level at 21.62, which if violated will result in even more drops to 21.50. On the upside, there is a resistance level at 21.87. A further resistance level may holdings at 21.99. The Relative Strength Index (RSI) on the 14-day chart is 50.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.10%. Stochastics %K at 82.22% indicates the stock is a selling.

The most recent change occurred on August 22, 2023 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $29.

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