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The Potential Rise in the Price of Celldex Therapeutics Inc. (CLDX) following insiders activity

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In a filing, Celldex Therapeutics Inc. revealed its SVP AND CFO Martin Samuel Bates unloaded Company’s shares for reported $0.61 million on Jun 14 ’24. In the deal valued at $35.42 per share,17,172 shares were sold. As a result of this transaction, Martin Samuel Bates now holds 28,125 shares worth roughly $0.86 million.

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Then, Crowley Elizabeth sold 30,000 shares, generating $1,045,962 in total proceeds. Upon selling the shares at $34.87, the SR. VP & CPDO now owns 9,074 shares.

Before that, Crowley Elizabeth sold 15,000 shares. Celldex Therapeutics Inc. shares valued at $525,873 were divested by the SR. VP & CPDO at a price of $35.06 per share. As a result of the transaction, Crowley Elizabeth now holds 9,074 shares, worth roughly $0.28 million.

Goldman initiated its Celldex Therapeutics Inc. [CLDX] rating to a Neutral in a research note published on September 30, 2024; the price target was $45. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late September from “an Outperform” to “a Peer perform”. Stifel began covering CLDX with “Buy” recommendation on June 18, 2024. Wolfe Research started covering the stock on June 11, 2024. It rated CLDX as “an Outperform”.

Price Performance Review of CLDX

On Friday, Celldex Therapeutics Inc. [NASDAQ:CLDX] saw its stock fall -0.62% to $30.65. Over the last five days, the stock has lost -7.68%. Celldex Therapeutics Inc. shares have fallen nearly -22.72% since the year began. Nevertheless, the stocks have risen 15.66% over the past one year. While a 52-week high of $53.18 was reached on 03/04/24, a 52-week low of $22.11 was recorded on 09/25/24. SMA at 50 days reached $37.52, while 200 days put it at $38.79.

Levels Of Support And Resistance For CLDX Stock

The 24-hour chart illustrates a support level at 29.92, which if violated will result in even more drops to 29.18. On the upside, there is a resistance level at 31.24. A further resistance level may holdings at 31.82. The Relative Strength Index (RSI) on the 14-day chart is 30.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.43%. Stochastics %K at 11.12% indicates the stock is a buying.

How much short interest is there in Celldex Therapeutics Inc.?

A steep rise in short interest was recorded in Celldex Therapeutics Inc. stocks on 2024-09-13, dropping by -0.25 million shares to a total of 8.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.66 million shares. There was a decline of -2.99%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 20, 2023 when TD Cowen began covering the stock and recommended ‘”an Outperform”‘ rating .

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