As this happened, H.C. Wainwright downgraded its Cassava Sciences Inc [SAVA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. Cantor Fitzgerald also remained covering SAVA and has decreased its forecast on July 15, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Maxim Group maintained its rating on July 07, 2021. It rated SAVA as “a Buy”.
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Price Performance Review of SAVA
On Tuesday, Cassava Sciences Inc [NASDAQ:SAVA] saw its stock jump 10.44% to $31.30. Over the last five days, the stock has gained 15.93%. Cassava Sciences Inc shares have risen nearly 39.05% since the year began. Nevertheless, the stocks have risen 61.26% over the past one year. While a 52-week high of $42.20 was reached on 08/05/24, a 52-week low of $8.79 was recorded on 06/28/24. SMA at 50 days reached $23.04, while 200 days put it at $22.31.
Levels Of Support And Resistance For SAVA Stock
The 24-hour chart illustrates a support level at 28.87, which if violated will result in even more drops to 26.45. On the upside, there is a resistance level at 33.16. A further resistance level may holdings at 35.03. The Relative Strength Index (RSI) on the 14-day chart is 62.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.72%. Stochastics %K at 55.10% indicates the stock is a holding.
How much short interest is there in Cassava Sciences Inc?
A steep rise in short interest was recorded in Cassava Sciences Inc stocks on 2024-08-30, dropping by -3.21 million shares to a total of 15.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 19.03 million shares. There was a decline of -20.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 27, 2021 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $78 price target.
