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Exicure Inc (XCUR) rating downgrades by Chardan Capital Markets

Exicure Inc’s filing revealed that its 10% Owner DGP Co., Ltd. acquired Company’s shares for reported $0.71 million on Sep 12 ’24. In the deal valued at $3.00 per share,237,223 shares were bought. As a result of this transaction, DGP Co., Ltd. now holds 849,223 shares worth roughly $1.92 million.

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Then, DGP Co., Ltd. sold 3,400,000 shares, generating $4,488,000 in total proceeds. Upon selling the shares at $1.32, the 10% Owner now owns 0 shares.

Chardan Capital Markets downgraded its Exicure Inc [XCUR] rating to a Neutral from a a Buy in a research note published on December 13, 2021; the price target was decreased to $0.40 from $2.25. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Guggenheim began covering XCUR with “Buy” recommendation on November 20, 2019.

Price Performance Review of XCUR

On Monday, Exicure Inc [NASDAQ:XCUR] saw its stock jump 41.25% to $2.26. Over the last five days, the stock has gained 30.64%. Exicure Inc shares have fallen nearly -22.11% since the year began. Nevertheless, the stocks have fallen -47.28% over the past one year. While a 52-week high of $4.75 was reached on 07/25/24, a 52-week low of $1.44 was recorded on 09/13/24. SMA at 50 days reached $2.0400, while 200 days put it at $2.5300.

Levels Of Support And Resistance For XCUR Stock

The 24-hour chart illustrates a support level at 1.8900, which if violated will result in even more drops to 1.5200. On the upside, there is a resistance level at 2.6500. A further resistance level may holdings at 3.0400. The Relative Strength Index (RSI) on the 14-day chart is 56.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0200, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.33%. Stochastics %K at 27.05% indicates the stock is a holding.

How much short interest is there in Exicure Inc?

A steep rise in short interest was recorded in Exicure Inc stocks on 2024-08-30, growing by 91698.0 shares to a total of 0.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 37804.0 shares. There was a rise of 70.81%, which implies that there is a positive sentiment for the stock.

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