Janux Therapeutics Inc’s recently made public that its 10% Owner Avalon Ventures XI, L.P. unloaded Company’s shares for reported $36.69 million on Oct 18 ’24. In the deal valued at $45.76 per share,801,751 shares were sold. As a result of this transaction, Avalon Ventures XI, L.P. now holds 401,321 shares worth roughly $20.08 million.
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Then, Avalon Ventures XI, L.P. sold 660,018 shares, generating $30,205,389 in total proceeds. Upon selling the shares at $45.76, the 10% Owner now owns 2,071,799 shares.
Before that, Avalon Ventures XI, L.P. sold 108,906 shares. Janux Therapeutics Inc shares valued at $5,444,479 were divested by the 10% Owner at a price of $49.99 per share. As a result of the transaction, Avalon Ventures XI, L.P. now holds 529,173 shares, worth roughly $26.47 million.
Stifel initiated its Janux Therapeutics Inc [JANX] rating to a Buy in a research note published on September 06, 2024; the price target was $70. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in late May with a ‘”a Sector perform”‘ rating. BTIG Research began covering JANX with “Buy” recommendation on March 21, 2024. Cantor Fitzgerald started covering the stock on March 20, 2024. It rated JANX as “an Overweight”.
Price Performance Review of JANX
On Friday, Janux Therapeutics Inc [NASDAQ:JANX] saw its stock jump 0.44% to $50.03. Over the last five days, the stock has gained 0.97%. Janux Therapeutics Inc shares have risen nearly 366.26% since the year began. Nevertheless, the stocks have risen 573.35% over the past one year. While a 52-week high of $65.60 was reached on 05/03/24, a 52-week low of $5.65 was recorded on 02/05/24. SMA at 50 days reached $45.59, while 200 days put it at $38.55.
Levels Of Support And Resistance For JANX Stock
The 24-hour chart illustrates a support level at 48.39, which if violated will result in even more drops to 46.76. On the upside, there is a resistance level at 52.42. A further resistance level may holdings at 54.82. The Relative Strength Index (RSI) on the 14-day chart is 58.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.61%. Stochastics %K at 68.10% indicates the stock is a holding.
How much short interest is there in Janux Therapeutics Inc?
A steep rise in short interest was recorded in Janux Therapeutics Inc stocks on 2024-09-30, growing by 0.14 million shares to a total of 3.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.32 million shares. There was a rise of 4.19%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 06, 2023 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $24 price target.
