Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Janux Therapeutics Inc shares valued at $2,460,829 were purchased by Reardon Tighe on Oct 16 ’24. At $50.78 per share, Reardon Tighe acquired 48,462 shares.
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Also, Avalon BioVentures I, LP purchased 17,367 shares, netting a total of over 867,595 in proceeds.
Before that, Lichter Jay had added 10,957 shares to its account. In a trade valued at $556,599, the FORMER DIRECTOR bought Janux Therapeutics Inc shares for $50.80 each.
As published in their initiating research note from Stifel on September 06, 2024, Janux Therapeutics Inc [JANX] has been a Buy and the price target has been revised to $70. Analysts at Scotiabank started covering the stock with ‘”a Sector perform”‘ outlook in a report released in late May. As of March 21, 2024, BTIG Research has initiated its “Buy” rating for JANX. Earlier on March 20, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for JANX stock.
Analyzing JANX Stock Performance
During the last five days, there has been a surge of approximately 7.41%. Over the course of the year, Janux Therapeutics Inc shares have jumped approximately 360.48%. Shares of the company reached a 52-week high of $65.60 on 05/03/24 and a 52-week low of $7.79 on 02/05/24. A 50-day SMA is recorded $45.03, while a 200-day SMA reached $38.16. Nevertheless, trading volume fell to 0.93 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Janux Therapeutics Inc (JANX)
According to the 24-hour chart, there is a support level at 48.08, which, if violated, would cause prices to drop to 46.76. In the upper region, resistance lies at 51.91. The next price resistance is at 54.42. RSI (Relative Strength Index) is 56.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.92, which suggests the price will increase in the coming days. Percent R is at 34.95%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
