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SNDX Shares Experience Surge in Value

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. Syndax Pharmaceuticals Inc shares valued at $25,037 were purchased by Goldan Keith A. on Jun 14 ’24. At $20.03 per share, Goldan Keith A. acquired 1,250 shares. The insider’s holdings grew to 52,623 shares worth approximately $1.19 million following the completion of this transaction.

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Also, Morrison Briggs sold 52,855 shares, netting a total of over 965,402 in proceeds. Following the sale of shares at $18.27 each, the insider now holds 17,836 shares.

Before that, Meury William had sold 83,000 shares from its account. In a trade valued at $1,697,810, the Director traded Syndax Pharmaceuticals Inc shares for $20.46 each. Upon closing the transaction, the insider’s holdings decreased to 83,000 shares, worth approximately $1.09 million.

As published in their initiating research note from Jefferies on June 28, 2024, Syndax Pharmaceuticals Inc [SNDX] has been a Buy and the price target has been revised to $37. Analysts at Scotiabank downgraded the stock from ‘”a Sector outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in late January. As of December 22, 2023, Mizuho has initiated its “Buy” rating for SNDX. Earlier on October 25, 2023, BofA Securities initiated its rating. Their recommendation was “a Buy” for SNDX stock.

Analyzing SNDX Stock Performance

During the last five days, there has been a surge of approximately 9.83%. Over the course of the year, Syndax Pharmaceuticals Inc shares have jumped approximately 5.00%. Shares of the company reached a 52-week high of $25.34 on 02/28/24 and a 52-week low of $18.65 on 06/06/24. A 50-day SMA is recorded $20.61, while a 200-day SMA reached $19.45. Nevertheless, trading volume fell to 1.05 million shares from 0.69 million shares the previous day.

Support And Resistance Levels for Syndax Pharmaceuticals Inc (SNDX)

According to the 24-hour chart, there is a support level at 22.20, which, if violated, would cause prices to drop to 21.72. In the upper region, resistance lies at 23.08. The next price resistance is at 23.48. RSI (Relative Strength Index) is 65.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.49, which suggests the price will increase in the coming days. Percent R is at 6.97%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.

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