In a filing, Apellis Pharmaceuticals Inc revealed its Director Dunlop A. Sinclair unloaded Company’s shares for reported $1.34 million on Sep 16 ’24. In the deal valued at $36.23 per share,37,000 shares were sold. As a result of this transaction, Dunlop A. Sinclair now holds 100,000 shares worth roughly $2.69 million.
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Then, Chopas James George sold 192 shares, generating $6,952 in total proceeds. Upon selling the shares at $36.21, the VP/Chief Accounting Officer now owns 38,141 shares.
Before that, Chopas James George bought 192 shares. Apellis Pharmaceuticals Inc shares valued at $6,952 were divested by the Officer at a price of $36.21 per share.
William Blair initiated its Apellis Pharmaceuticals Inc [APLS] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid October with a ‘”a Sector outperform”‘ rating. Piper Sandler began covering APLS with “Neutral” recommendation on May 31, 2024. Jefferies revised its rating on February 05, 2024. It rated APLS as “a Buy” which previously was an “a Hold”.
Price Performance Review of APLS
On Monday, Apellis Pharmaceuticals Inc [NASDAQ:APLS] saw its stock fall -4.00% to $26.88. Over the last five days, the stock has lost -1.83%. Apellis Pharmaceuticals Inc shares have fallen nearly -55.10% since the year began. Nevertheless, the stocks have fallen -41.79% over the past one year. While a 52-week high of $73.80 was reached on 01/09/24, a 52-week low of $26.28 was recorded on 10/10/24. SMA at 50 days reached $33.92, while 200 days put it at $46.72.
Levels Of Support And Resistance For APLS Stock
The 24-hour chart illustrates a support level at 26.27, which if violated will result in even more drops to 25.67. On the upside, there is a resistance level at 27.74. A further resistance level may holdings at 28.61. The Relative Strength Index (RSI) on the 14-day chart is 29.85, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.37%. Stochastics %K at 40.99% indicates the stock is a holding.
How much short interest is there in Apellis Pharmaceuticals Inc?
A steep rise in short interest was recorded in Apellis Pharmaceuticals Inc stocks on 2024-09-30, dropping by -0.91 million shares to a total of 15.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 16.17 million shares. There was a decline of -5.98%, which implies that there is a negative sentiment for the stock.
