Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Codexis Inc. shares valued at $234,856 were purchased by Opaleye Management Inc. on Sep 24 ’24. At $2.94 per share, Opaleye Management Inc. acquired 80,000 shares. The insider’s holdings grew to 8,515,000 shares worth approximately $26.06 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Opaleye Management Inc. purchased 5,000 shares, netting a total of over 14,290 in proceeds. Following the buying of shares at $2.86 each, the insider now holds 8,520,000 shares.
Before that, Opaleye Management Inc. had added 1,055,000 shares to its account. In a trade valued at $3,175,550, the 10% Owner bought Codexis Inc. shares for $3.01 each. Upon closing the transaction, the insider’s holdings increased to 1,055,000 shares, worth approximately $25.67 million.
As published in a research note from The Benchmark Company on August 19, 2024, Codexis Inc. [CDXS] has been rated down from a Buy to a Hold. As of May 30, 2024, Cantor Fitzgerald has initiated its “an Overweight” rating for CDXS. Earlier on February 29, 2024, The Benchmark Company upgraded its rating. Their new recommendation was “a Buy” for CDXS stock which previously was a “a Hold”.
Analyzing CDXS Stock Performance
During the last five days, there has been a drop of approximately -13.07%. Over the course of the year, Codexis Inc. shares have jumped approximately 0.33%. Shares of the company reached a 52-week high of $4.91 on 02/29/24 and a 52-week low of $2.53 on 02/06/24. A 50-day SMA is recorded $3.02, while a 200-day SMA reached $3.16. Nevertheless, trading volume fell to 1.07 million shares from 83800.0 shares the previous day.
Support And Resistance Levels for Codexis Inc. (CDXS)
According to the 24-hour chart, there is a support level at 2.94, which, if violated, would cause prices to drop to 2.83. In the upper region, resistance lies at 3.25. The next price resistance is at 3.45. RSI (Relative Strength Index) is 46.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.01, which suggests the price will decrease in the coming days. Percent R is at 76.92%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
