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Investing in Syndax Pharmaceuticals Inc (SNDX) Is Getting More Attractive

Syndax Pharmaceuticals Inc’s filing revealed that its Chief Financial Officer Goldan Keith A. acquired Company’s shares for reported $25037.0 on Jun 14 ’24. In the deal valued at $20.03 per share,1,250 shares were bought. As a result of this transaction, Goldan Keith A. now holds 52,623 shares worth roughly $0.99 million.

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Jefferies initiated its Syndax Pharmaceuticals Inc [SNDX] rating to a Buy in a research note published on June 28, 2024; the price target was $37. A number of analysts have revised their coverage, including Scotiabank’s analysts, who decreased its forecast for the stock in late January from “a Sector outperform” to “a Sector perform”. Mizuho began covering SNDX with “Buy” recommendation on December 22, 2023. BofA Securities started covering the stock on October 25, 2023. It rated SNDX as “a Buy”.

Price Performance Review of SNDX

On Friday, Syndax Pharmaceuticals Inc [NASDAQ:SNDX] saw its stock jump 4.02% to $18.89. Over the last five days, the stock has gained 3.39%. Syndax Pharmaceuticals Inc shares have fallen nearly -12.59% since the year began. Nevertheless, the stocks have risen 24.85% over the past one year. While a 52-week high of $25.34 was reached on 02/28/24, a 52-week low of $11.22 was recorded on 09/18/24. SMA at 50 days reached $20.21, while 200 days put it at $21.23.

Levels Of Support And Resistance For SNDX Stock

The 24-hour chart illustrates a support level at 18.48, which if violated will result in even more drops to 18.08. On the upside, there is a resistance level at 19.25. A further resistance level may holdings at 19.61. The Relative Strength Index (RSI) on the 14-day chart is 48.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.11%. Stochastics %K at 48.83% indicates the stock is a holding.

How much short interest is there in Syndax Pharmaceuticals Inc?

A steep rise in short interest was recorded in Syndax Pharmaceuticals Inc stocks on 2024-09-13, growing by 0.24 million shares to a total of 9.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.43 million shares. There was a rise of 2.44%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 11, 2023 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.

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