Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exelixis Inc shares valued at $659,500 were sold by Hessekiel Jeffrey on Sep 23 ’24. At $26.38 per share, Hessekiel Jeffrey sold 25,000 shares. The insider’s holdings dropped to 605,325 shares worth approximately $17.77 million following the completion of this transaction.
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Also, JEFFREY J HESSEKIEL purchased 75,000 shares, netting a total of over 1,981,500 in proceeds.
Before that, Hessekiel Jeffrey had sold 20,000 shares from its account. In a trade valued at $515,800, the EVP, General Counsel & Sec traded Exelixis Inc shares for $25.79 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $18.5 million.
As published in a research note from RBC Capital Mkts on October 16, 2024, Exelixis Inc [EXEL] has been retained to an Outperform and the price target has been revised to $34. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of April 11, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for EXEL. Earlier on December 19, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for EXEL stock.
Analyzing EXEL Stock Performance
During the last five days, there has been a surge of approximately 15.41%. Over the course of the year, Exelixis Inc shares have jumped approximately 22.34%. Shares of the company reached a 52-week high of $29.60 on 10/16/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $26.36, while a 200-day SMA reached $23.32. Nevertheless, trading volume fell to 3.32 million shares from 8.48 million shares the previous day.
Support And Resistance Levels for Exelixis Inc (EXEL)
According to the 24-hour chart, there is a support level at 28.57, which, if violated, would cause prices to drop to 27.80. In the upper region, resistance lies at 29.86. The next price resistance is at 30.38. RSI (Relative Strength Index) is 73.70 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 5.65%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
