Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Denali Therapeutics Inc shares valued at $53,765 were sold by Watts Ryan J. on Aug 20 ’24. At $23.79 per share, Watts Ryan J. sold 2,260 shares. The insider’s holdings dropped to 235,807 shares worth approximately $5.75 million following the completion of this transaction.
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Also, Krognes Steve E. sold 1,727 shares, netting a total of over 41,085 in proceeds. Following the sale of shares at $23.79 each, the insider now holds 32,677 shares.
Before that, Schuth Alexander O. had sold 5,806 shares from its account. In a trade valued at $137,286, the COFO and Secretary traded Denali Therapeutics Inc shares for $23.65 each. Upon closing the transaction, the insider’s holdings decreased to 5,806 shares, worth approximately $4.41 million.
As published in their initiating research note from Citigroup on December 13, 2023, Denali Therapeutics Inc [DNLI] has been a Buy and the price target has been revised to $32. Earlier on September 06, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for DNLI stock.
Analyzing DNLI Stock Performance
During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, Denali Therapeutics Inc shares have jumped approximately 13.70%. Shares of the company reached a 52-week high of $25.90 on 08/26/24 and a 52-week low of $14.56 on 04/25/24. A 50-day SMA is recorded $23.00, while a 200-day SMA reached $20.00. Nevertheless, trading volume fell to 0.75 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for Denali Therapeutics Inc (DNLI)
According to the 24-hour chart, there is a support level at 24.03, which, if violated, would cause prices to drop to 23.65. In the upper region, resistance lies at 25.02. The next price resistance is at 25.63. RSI (Relative Strength Index) is 54.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.67, which suggests the price will decrease in the coming days. Percent R is at 36.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
