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. Agenus Inc shares valued at $324,050 were purchased by ARMEN GARO H on Feb 15 ’24. At $0.65 per share, ARMEN GARO H acquired 500,000 shares. The insider’s holdings grew to 625,969 shares worth approximately $3.84 million following the completion of this transaction.
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Also, WIINBERG ULF purchased 25,000 shares, netting a total of over 19,000 in proceeds. Following the buying of shares at $0.76 each, the insider now holds 124,063 shares.
Before that, AGENUS INC had added 429 shares to its account. In a trade valued at $472, the 10% Owner bought Agenus Inc shares for $1.10 each. Upon closing the transaction, the insider’s holdings increased to 429 shares, worth approximately $133.47 million.
As published in a research note from Robert W. Baird on July 19, 2024, Agenus Inc [AGEN] has been rated down from an Outperform to a Neutral and the price target has been revised to $8 from $35. Analysts at William Blair downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid July. As of July 18, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for AGEN. Earlier on June 06, 2023, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for AGEN stock.
Analyzing AGEN Stock Performance
During the last five days, there has been a drop of approximately -65.43%. Over the course of the year, Agenus Inc shares have dropped approximately -62.98%. Shares of the company reached a 52-week high of $19.69 on 06/04/24 and a 52-week low of $4.78 on 04/18/24. A 50-day SMA is recorded $13.90, while a 200-day SMA reached $13.77. Nevertheless, trading volume fell to 1.07 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Agenus Inc (AGEN)
According to the 24-hour chart, there is a support level at 5.79, which, if violated, would cause prices to drop to 5.45. In the upper region, resistance lies at 6.80. The next price resistance is at 7.47. RSI (Relative Strength Index) is 28.55 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.00, which suggests the price will decrease in the coming days. Percent R is at 96.24%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
