The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Exelixis Inc shares valued at $515,800 were sold by Hessekiel Jeffrey on Aug 26 ’24. At $25.79 per share, Hessekiel Jeffrey sold 20,000 shares. The insider’s holdings dropped to 630,325 shares worth approximately $16.91 million following the completion of this transaction.
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Also, Freire Maria C sold 8,250 shares, netting a total of over 219,120 in proceeds. Following the sale of shares at $26.56 each, the insider now holds 91,007 shares.
Before that, Aftab Dana had sold 20,883 shares from its account. In a trade valued at $565,094, the CSO/EVP Disc & Trans Research traded Exelixis Inc shares for $27.06 each. Upon closing the transaction, the insider’s holdings decreased to 20,883 shares, worth approximately $13.42 million.
As published in their initiating research note from UBS on September 19, 2024, Exelixis Inc [EXEL] has been a Neutral and the price target has been revised to $30. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in mid April. As of December 19, 2023, BTIG Research has initiated its “Buy” rating for EXEL. Earlier on December 15, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for EXEL stock.
Analyzing EXEL Stock Performance
During the last five days, there has been a surge of approximately 1.98%. Over the course of the year, Exelixis Inc shares have jumped approximately 11.84%. Shares of the company reached a 52-week high of $27.83 on 09/17/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $25.05, while a 200-day SMA reached $23.00. Nevertheless, trading volume fell to 2.44 million shares from 1.71 million shares the previous day.
Support And Resistance Levels for Exelixis Inc (EXEL)
According to the 24-hour chart, there is a support level at 26.62, which, if violated, would cause prices to drop to 26.41. In the upper region, resistance lies at 27.07. The next price resistance is at 27.31. RSI (Relative Strength Index) is 59.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 36.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Exelixis Inc (EXEL)?
On September 26, 2023, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $28.
