Apellis Pharmaceuticals Inc’s recently made public that its Director Dunlop A. Sinclair unloaded Company’s shares for reported $1.45 million on Jun 21 ’24. In the deal valued at $39.24 per share,37,000 shares were sold. As a result of this transaction, Dunlop A. Sinclair now holds 136,998 shares worth roughly $5.1 million.
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Then, Deschatelets Pascal sold 78,907 shares, generating $3,341,848 in total proceeds. Upon selling the shares at $42.35, the Chief Scientific Officer now owns 1,115,983 shares.
Before that, Deschatelets Pascal sold 69,107 shares. Apellis Pharmaceuticals Inc shares valued at $3,743,605 were divested by the Chief Scientific Officer at a price of $54.17 per share. As a result of the transaction, Deschatelets Pascal now holds 1,115,983 shares, worth roughly $41.57 million.
Piper Sandler initiated its Apellis Pharmaceuticals Inc [APLS] rating to a Neutral in a research note published on May 31, 2024; the price target was $46. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Wells Fargo also remained covering APLS and has decreased its forecast on December 14, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on November 09, 2023. It rated APLS as “a Buy”.
Price Performance Review of APLS
On Friday, Apellis Pharmaceuticals Inc [NASDAQ:APLS] saw its stock fall -0.98% to $37.25. Over the last five days, the stock has gained 0.65%. Apellis Pharmaceuticals Inc shares have fallen nearly -37.77% since the year began. Nevertheless, the stocks have risen 19.28% over the past one year. While a 52-week high of $73.80 was reached on 01/09/24, a 52-week low of $29.79 was recorded on 08/05/24. SMA at 50 days reached $38.42, while 200 days put it at $51.35.
Levels Of Support And Resistance For APLS Stock
The 24-hour chart illustrates a support level at 36.63, which if violated will result in even more drops to 36.01. On the upside, there is a resistance level at 38.03. A further resistance level may holdings at 38.81. The Relative Strength Index (RSI) on the 14-day chart is 49.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.35%. Stochastics%K at 43.09% indicates the stock is a holding.
How much short interest is there in Apellis Pharmaceuticals Inc?
A steep rise in short interest was recorded in Apellis Pharmaceuticals Inc stocks on 2024-07-31, growing by 1.1 million shares to a total of 15.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 14.81 million shares. There was a rise of 6.93%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 02, 2023 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $42 price target.
