Janux Therapeutics Inc’s recent filing unveils that its 10% Owner Avalon Ventures XI, L.P. acquired Company’s shares for reported $9.03 million on Oct 25 ’24. In the deal valued at $53.33 per share,169,320 shares were bought.
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Then, Avalon BioVentures I, LP bought 32,800 shares, generating $1,749,162 in total proceeds.
Before that, Avalon BioVentures SPV I, L.P. bought 172,880 shares. Janux Therapeutics Inc shares valued at $9,219,392 were divested by the 10% Owner at a price of $53.33 per share.
UBS initiated its Janux Therapeutics Inc [JANX] rating to a Buy in a research note published on October 24, 2024; the price target was $69. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Scotiabank began covering JANX with “Sector perform” recommendation on May 30, 2024. BTIG Research started covering the stock on March 21, 2024. It rated JANX as “a Buy”.
Price Performance Review of JANX
On Friday, Janux Therapeutics Inc [NASDAQ:JANX] saw its stock jump 0.19% to $53.41. Over the last five days, the stock has gained 6.76%. Janux Therapeutics Inc shares have risen nearly 397.76% since the year began. Nevertheless, the stocks have risen 761.45% 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 $46.98, while 200 days put it at $39.59.
Levels Of Support And Resistance For JANX Stock
The 24-hour chart illustrates a support level at 52.15, which if violated will result in even more drops to 50.89. On the upside, there is a resistance level at 55.46. A further resistance level may holdings at 57.50. The Relative Strength Index (RSI) on the 14-day chart is 64.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.89%. Stochastics %K at 83.27% indicates the stock is a selling.
How much short interest is there in Janux Therapeutics Inc?
A steep rise in short interest was recorded in Janux Therapeutics Inc stocks on 2024-10-15, growing by 1.03 million shares to a total of 4.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.31 million shares. There was a rise of 23.7%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 20, 2024 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $100 price target.
