Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Denali Therapeutics Inc shares valued at $77,007 were sold by SATO VICKI L on Sep 03 ’24. At $25.00 per share, SATO VICKI L sold 3,080 shares. The insider’s holdings dropped to 116,176 shares worth approximately $3.15 million following the completion of this transaction.
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Also, Watts Ryan J. sold 2,260 shares, netting a total of over 53,765 in proceeds. Following the sale of shares at $23.79 each, the insider now holds 235,807 shares.
Before that, Krognes Steve E. had sold 1,727 shares from its account. In a trade valued at $41,085, the Director traded Denali Therapeutics Inc shares for $23.79 each. Upon closing the transaction, the insider’s holdings decreased to 1,727 shares, worth approximately $0.88 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 7.63%. Over the course of the year, Denali Therapeutics Inc shares have jumped approximately 26.19%. Shares of the company reached a 52-week high of $27.11 on 09/11/24 and a 52-week low of $14.56 on 04/25/24. A 50-day SMA is recorded $23.49, while a 200-day SMA reached $20.29. Nevertheless, trading volume fell to 1.58 million shares from 0.79 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 26.40, which, if violated, would cause prices to drop to 25.71. In the upper region, resistance lies at 27.44. The next price resistance is at 27.79. RSI (Relative Strength Index) is 69.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.17, which suggests the price will increase in the coming days. Percent R is at 0.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
