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Selling Buzz: Exelixis Inc [EXEL] Director WYSZOMIERSKI JACK L sells 8,287 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Exelixis Inc shares valued at $182,314 were sold by WYSZOMIERSKI JACK L on Jun 04 ’24. At $22.00 per share, WYSZOMIERSKI JACK L sold 8,287 shares. The insider’s holdings dropped to 349,499 shares worth approximately $7.72 million following the completion of this transaction.

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Also, JOHNSON DAVID EDWARD purchased 225,000 shares, netting a total of over 4,670,055 in proceeds. Following the buying of shares at $20.76 each, the insider now holds 1,525,730 shares.

Before that, JOHNSON DAVID EDWARD had added 200,000 shares to its account. In a trade valued at $4,063,900, the Director bought Exelixis Inc shares for $20.32 each. Upon closing the transaction, the insider’s holdings increased to 200,000 shares, worth approximately $28.75 million.

As published in a research note from Barclays on April 11, 2024, Exelixis Inc [EXEL] has been rated down from an Overweight to an Equal weight and the price target has been revised to $25. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in mid December. As of December 15, 2023, Citigroup has initiated its “Buy” rating for EXEL. Earlier on September 26, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for EXEL stock.

Analyzing EXEL Stock Performance

During the last five days, there has been a drop of approximately -1.25%. Over the course of the year, Exelixis Inc shares have dropped approximately -7.88%. Shares of the company reached a 52-week high of $24.34 on 01/02/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $21.88, while a 200-day SMA reached $22.04. Nevertheless, trading volume fell to 0.73 million shares from 0.92 million shares the previous day.

Support And Resistance Levels for Exelixis Inc (EXEL)

According to the 24-hour chart, there is a support level at 21.78, which, if violated, would cause prices to drop to 21.60. In the upper region, resistance lies at 22.18. The next price resistance is at 22.40. RSI (Relative Strength Index) is 52.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 56.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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