Exelixis Inc’s filing revealed that its EVP & General Counsel Hessekiel Jeffrey unloaded Company’s shares for reported $0.66 million on Sep 23 ’24. In the deal valued at $26.38 per share,25,000 shares were sold. As a result of this transaction, Hessekiel Jeffrey now holds 605,325 shares worth roughly $15.88 million.
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Then, JEFFREY J HESSEKIEL bought 75,000 shares, generating $1,981,500 in total proceeds.
Before that, Hessekiel Jeffrey sold 20,000 shares. Exelixis Inc shares valued at $515,800 were divested by the EVP, General Counsel & Sec at a price of $25.79 per share. As a result of the transaction, Hessekiel Jeffrey now holds 630,325 shares, worth roughly $16.53 million.
UBS initiated its Exelixis Inc [EXEL] rating to a Neutral in a research note published on September 19, 2024; the price target was $30. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “an Equal weight”. BTIG Research began covering EXEL with “Buy” recommendation on December 19, 2023. Citigroup started covering the stock on December 15, 2023. It rated EXEL as “a Buy”.
Price Performance Review of EXEL
On Friday, Exelixis Inc [NASDAQ:EXEL] saw its stock jump 2.02% to $26.23. Over the last five days, the stock has lost -1.61%. Exelixis Inc shares have risen nearly 9.34% since the year began. Nevertheless, the stocks have risen 22.00% over the past one year. While a 52-week high of $27.83 was reached on 09/17/24, a 52-week low of $18.64 was recorded on 01/08/24. SMA at 50 days reached $26.10, while 200 days put it at $23.26.
Levels Of Support And Resistance For EXEL Stock
The 24-hour chart illustrates a support level at 25.87, which if violated will result in even more drops to 25.52. On the upside, there is a resistance level at 26.47. A further resistance level may holdings at 26.72. The Relative Strength Index (RSI) on the 14-day chart is 52.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.64%. Stochastics %K at 34.48% indicates the stock is a holding.
How much short interest is there in Exelixis Inc?
A steep rise in short interest was recorded in Exelixis Inc stocks on 2024-09-30, dropping by -1.97 million shares to a total of 10.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.03 million shares. There was a decline of -19.62%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 26, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.
