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An Analysis of Nurix Therapeutics Inc (NRIX)’s Potential Price Growth

Nurix Therapeutics Inc’s recently made public that its Chief Legal Officer Ring Christine unloaded Company’s shares for reported $82250.0 on Oct 14 ’24. In the deal valued at $25.00 per share,3,290 shares were sold. As a result of this transaction, Ring Christine now holds 24,592 shares worth roughly $0.65 million.

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Then, Ring Christine sold 5,760 shares, generating $128,017 in total proceeds. Upon selling the shares at $22.23, the Chief Legal Officer now owns 24,592 shares.

Before that, CHRISTINE RING bought 9,050 shares. Nurix Therapeutics Inc shares valued at $203,354 were divested by the Officer at a price of $22.47 per share.

UBS initiated its Nurix Therapeutics Inc [NRIX] rating to a Buy in a research note published on October 24, 2024; the price target was $35. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Truist started covering the stock on July 31, 2024. It rated NRIX as “a Buy”.

Price Performance Review of NRIX

On Friday, Nurix Therapeutics Inc [NASDAQ:NRIX] saw its stock jump 4.16% to $26.27. Over the last five days, the stock has gained 4.87%. Nurix Therapeutics Inc shares have risen nearly 154.55% since the year began. Nevertheless, the stocks have risen 518.12% over the past one year. While a 52-week high of $26.43 was reached on 10/25/24, a 52-week low of $4.22 was recorded on 01/29/24. SMA at 50 days reached $24.03, while 200 days put it at $17.35.

Levels Of Support And Resistance For NRIX Stock

The 24-hour chart illustrates a support level at 25.28, which if violated will result in even more drops to 24.28. On the upside, there is a resistance level at 27.17. A further resistance level may holdings at 28.06. The Relative Strength Index (RSI) on the 14-day chart is 63.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.33%. Stochastics %K at 77.78% indicates the stock is a holding.

How much short interest is there in Nurix Therapeutics Inc?

A steep rise in short interest was recorded in Nurix Therapeutics Inc stocks on 2024-10-15, dropping by -0.12 million shares to a total of 9.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.36 million shares. There was a decline of -1.34%, which implies that there is a negative sentiment for the stock.

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