Scilex Holding Company’s recently made public that its Director Followwill Dorman acquired Company’s shares for reported $990.0 on Oct 18 ’24. In the deal valued at $0.99 per share,1,000 shares were bought. As a result of this transaction, Followwill Dorman now holds 2,300 shares worth roughly $1978.0.
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Then, Chun Jay bought 5,000 shares, generating $4,750 in total proceeds. Upon buying the shares at $0.95, the Director now owns 112,500 shares.
Before that, Wu Yue Alexander bought 20,000 shares. Scilex Holding Company shares valued at $18,992 were divested by the Director at a price of $0.95 per share. As a result of the transaction, Wu Yue Alexander now holds 25,000 shares, worth roughly $21500.0.
Alliance Global Partners initiated its Scilex Holding Company [SCLX] rating to a Buy in a research note published on October 16, 2024; the price target was $14. A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. B. Riley Securities began covering SCLX with “Buy” recommendation on October 16, 2023. B. Riley Securities started covering the stock on October 13, 2023. It rated SCLX as “a Buy”.
Price Performance Review of SCLX
On Friday, Scilex Holding Company [NASDAQ:SCLX] saw its stock fall -3.53% to $0.86. Over the last five days, the stock has lost -11.20%. Scilex Holding Company shares have fallen nearly -57.77% since the year began. Nevertheless, the stocks have fallen -57.57% over the past one year. While a 52-week high of $2.63 was reached on 02/29/24, a 52-week low of $0.73 was recorded on 05/10/24. SMA at 50 days reached $0.9980, while 200 days put it at $1.3370.
Levels Of Support And Resistance For SCLX Stock
The 24-hour chart illustrates a support level at 0.8313, which if violated will result in even more drops to 0.8013. On the upside, there is a resistance level at 0.9057. A further resistance level may holdings at 0.9501. The Relative Strength Index (RSI) on the 14-day chart is 43.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0156, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.76%. Stochastics %K at 33.03% indicates the stock is a holding.
How much short interest is there in Scilex Holding Company?
A steep rise in short interest was recorded in Scilex Holding Company stocks on 2024-10-15, growing by 2.84 million shares to a total of 12.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.32 million shares. There was a rise of 23.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 09, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
