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 $565,094 were sold by Aftab Dana on Aug 12 ’24. At $27.06 per share, Aftab Dana sold 20,883 shares. The insider’s holdings dropped to 500,107 shares worth approximately $13.16 million following the completion of this transaction.
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Also, MARIA C FREIRE purchased 8,250 shares, netting a total of over 219,122 in proceeds.
Before that, POSTE GEORGE had sold 33,725 shares from its account. In a trade valued at $906,865, the Director traded Exelixis Inc shares for $26.89 each. Upon closing the transaction, the insider’s holdings decreased to 33,725 shares, worth approximately $5.24 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 -3.17%. Over the course of the year, Exelixis Inc shares have jumped approximately 9.67%. Shares of the company reached a 52-week high of $27.53 on 08/09/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $23.07, while a 200-day SMA reached $22.39. Nevertheless, trading volume fell to 1.42 million shares from 1.83 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 26.06, which, if violated, would cause prices to drop to 25.81. In the upper region, resistance lies at 26.54. The next price resistance is at 26.77. RSI (Relative Strength Index) is 69.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.29, which suggests the price will increase in the coming days. Percent R is at 26.70%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.
