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Recent Insider Activity Could Benefit Annexon Inc (ANNX)

Annexon Inc’s filing revealed that its Director Carson William H. acquired Company’s shares for reported $19104.0 on Oct 01 ’24. In the deal valued at $5.97 per share,3,200 shares were bought. As a result of this transaction, Carson William H. now holds 22,400 shares worth roughly $0.15 million.

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Then, Yednock Ted sold 4,500 shares, generating $31,950 in total proceeds. Upon selling the shares at $7.10, the EVP & CHIEF INNOVATION OFFICER now owns 0 shares.

Before that, Yednock Ted bought 4,500 shares. Annexon Inc shares valued at $31,950 were divested by the Officer at a price of $7.10 per share.

JP Morgan upgraded its Annexon Inc [ANNX] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “a Buy”. Wells Fargo began covering ANNX with “an Overweight” recommendation on October 30, 2023. BofA Securities revised its rating on May 26, 2023. It rated ANNX as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ANNX

On Tuesday, Annexon Inc [NASDAQ:ANNX] saw its stock jump 12.21% to $6.89. Over the last five days, the stock has gained 12.77%. Annexon Inc shares have risen nearly 51.76% since the year began. Nevertheless, the stocks have risen 241.09% over the past one year. While a 52-week high of $8.40 was reached on 03/27/24, a 52-week low of $1.57 was recorded on 02/05/24. SMA at 50 days reached $6.12, while 200 days put it at $5.43.

Levels Of Support And Resistance For ANNX Stock

The 24-hour chart illustrates a support level at 6.32, which if violated will result in even more drops to 5.76. On the upside, there is a resistance level at 7.18. A further resistance level may holdings at 7.47. The Relative Strength Index (RSI) on the 14-day chart is 60.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.34%. Stochastics %K at 45.78% indicates the stock is a holding.

How much short interest is there in Annexon Inc?

A steep rise in short interest was recorded in Annexon Inc stocks on 2024-09-13, dropping by -0.39 million shares to a total of 6.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.27 million shares. There was a decline of -5.63%, which implies that there is a negative sentiment for the stock.

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