Apellis Pharmaceuticals Inc’s filing revealed that its Director Dunlop A. Sinclair unloaded Company’s shares for reported $1.34 million on Sep 16 ’24. In the deal valued at $36.23 per share,37,000 shares were sold. As a result of this transaction, Dunlop A. Sinclair now holds 100,000 shares worth roughly $2.88 million.
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Then, Chopas James George sold 192 shares, generating $6,952 in total proceeds. Upon selling the shares at $36.21, the VP/Chief Accounting Officer now owns 38,141 shares.
Before that, Chopas James George bought 192 shares. Apellis Pharmaceuticals Inc shares valued at $6,952 were divested by the Officer at a price of $36.21 per share.
Piper Sandler initiated its Apellis Pharmaceuticals Inc [APLS] rating to a Neutral in a research note published on May 31, 2024; the price target was $46. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Wells Fargo also remained covering APLS and has decreased its forecast on December 14, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on November 09, 2023. It rated APLS as “a Buy”.
Price Performance Review of APLS
On Monday, Apellis Pharmaceuticals Inc [NASDAQ:APLS] saw its stock fall -2.14% to $28.84. Over the last five days, the stock has lost -11.86%. Apellis Pharmaceuticals Inc shares have fallen nearly -51.82% since the year began. Nevertheless, the stocks have fallen -27.30% over the past one year. While a 52-week high of $73.80 was reached on 01/09/24, a 52-week low of $29.28 was recorded on 09/30/24. SMA at 50 days reached $36.80, while 200 days put it at $49.03.
Levels Of Support And Resistance For APLS Stock
The 24-hour chart illustrates a support level at 28.32, which if violated will result in even more drops to 27.81. On the upside, there is a resistance level at 29.36. A further resistance level may holdings at 29.88. The Relative Strength Index (RSI) on the 14-day chart is 26.49, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.40%. Stochastics %K at 2.79% indicates the stock is a buying.
How much short interest is there in Apellis Pharmaceuticals Inc?
A steep rise in short interest was recorded in Apellis Pharmaceuticals Inc stocks on 2024-09-13, dropping by -0.98 million shares to a total of 15.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.27 million shares. There was a decline of -6.43%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 02, 2023 when Mizuho began covering the stock and recommended ‘”a Neutral”‘ rating along with a $42 price target.
