Taking this into account, H.C. Wainwright upgraded its Cassava Sciences Inc [SAVA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who decreased its forecast for the stock in early July from “a Buy” to “a Neutral”. B. Riley Securities also remained covering SAVA and has decreased its forecast on November 16, 2022 with a “Neutral” recommendation from previously “Buy” rating. Cantor Fitzgerald revised its rating on July 15, 2021. It rated SAVA as “a Neutral” which previously was an “an Overweight”.
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Price Performance Review of SAVA
On Tuesday, Cassava Sciences Inc [NASDAQ:SAVA] saw its stock jump 2.52% to $26.05. Over the last five days, the stock has lost -5.00%. Cassava Sciences Inc shares have risen nearly 15.73% since the year began. Nevertheless, the stocks have risen 36.67% over the past one year. While a 52-week high of $42.20 was reached on 08/05/24, a 52-week low of $8.79 was recorded on 06/28/24. SMA at 50 days reached $27.92, while 200 days put it at $22.54.
Levels Of Support And Resistance For SAVA Stock
The 24-hour chart illustrates a support level at 23.83, which if violated will result in even more drops to 21.61. On the upside, there is a resistance level at 29.75. A further resistance level may holdings at 33.45. The Relative Strength Index (RSI) on the 14-day chart is 44.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.99%. Stochastics %K at 10.12% indicates the stock is a buying.
How much short interest is there in Cassava Sciences Inc?
A steep rise in short interest was recorded in Cassava Sciences Inc stocks on 2024-09-13, dropping by -1.76 million shares to a total of 15.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17.68 million shares. There was a decline of -11.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 07, 2021 when Maxim Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $190.
