In a filing, Scilex Holding Company revealed its Executive Chairperson Ji Henry acquired Company’s shares for reported $43985.0 on May 17 ’24. In the deal valued at $0.88 per share,50,000 shares were bought. As a result of this transaction, Ji Henry now holds 50,070 shares worth roughly $49068.6.
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Then, Chun Jay bought 57,500 shares, generating $51,641 in total proceeds. Upon buying the shares at $0.90, the Director now owns 102,500 shares.
Before that, SHAH JAISIM bought 83,061 shares. Scilex Holding Company shares valued at $69,846 were divested by the insider at a price of $0.84 per share. As a result of the transaction, SHAH JAISIM now holds 98,943 shares, worth roughly $96964.14.
Rodman & Renshaw initiated its Scilex Holding Company [SCLX] rating to a Buy in a research note published on June 13, 2024; the price target was $13. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. B. Riley Securities began covering SCLX with “Buy” recommendation on October 13, 2023. H.C. Wainwright started covering the stock on October 09, 2023. It rated SCLX as “a Buy”.
Price Performance Review of SCLX
On Friday, Scilex Holding Company [NASDAQ:SCLX] saw its stock jump 14.62% to $0.98. Over the last five days, the stock has gained 4.19%. Scilex Holding Company shares have fallen nearly -51.96% since the year began. Nevertheless, the stocks have fallen -30.50% over the past one year. While a 52-week high of $2.63 was reached on 02/29/24, a 52-week low of $0.73 was recorded on 05/10/24. SMA at 50 days reached $1.1585, while 200 days put it at $1.4064.
Levels Of Support And Resistance For SCLX Stock
The 24-hour chart illustrates a support level at 0.8933, which if violated will result in even more drops to 0.8067. On the upside, there is a resistance level at 1.0433. A further resistance level may holdings at 1.1067. The Relative Strength Index (RSI) on the 14-day chart is 47.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0142, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.66%. Stochastics %K at 33.77% indicates the stock is a holding.
How much short interest is there in Scilex Holding Company?
A steep rise in short interest was recorded in Scilex Holding Company stocks on 2024-09-13, growing by 1.09 million shares to a total of 9.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.23 million shares. There was a rise of 11.65%, which implies that there is a positive sentiment for the stock.
