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Oppenheimer initates Xeris Biopharma Holdings Inc (XERS) stock to an Outperform

Xeris Biopharma Holdings Inc’s recently made public that its Director Schmid John P. acquired Company’s shares for reported $10147.0 on Aug 12 ’24. In the deal valued at $2.25 per share,4,515 shares were bought. As a result of this transaction, Schmid John P. now holds 25,200 shares worth roughly $81396.0.

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Then, Schmid John P. bought 4,285 shares, generating $10,134 in total proceeds. Upon buying the shares at $2.37, the Director now owns 20,685 shares.

Before that, Schmid John P. bought 5,400 shares. Xeris Biopharma Holdings Inc shares valued at $10,314 were divested by the Director at a price of $1.91 per share. As a result of the transaction, Schmid John P. now holds 16,400 shares, worth roughly $52972.0.

Oppenheimer initiated its Xeris Biopharma Holdings Inc [XERS] rating to an Outperform in a research note published on March 28, 2024; the price target was $5. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Jefferies began covering XERS with “Buy” recommendation on October 21, 2022. Craig Hallum started covering the stock on April 28, 2022. It rated XERS as “a Buy”.

Price Performance Review of XERS

On Friday, Xeris Biopharma Holdings Inc [NASDAQ:XERS] saw its stock jump 0.31% to $3.23. Over the last five days, the stock has gained 0.94%. Xeris Biopharma Holdings Inc shares have risen nearly 37.45% since the year began. Nevertheless, the stocks have risen 72.73% over the past one year. While a 52-week high of $3.39 was reached on 10/25/24, a 52-week low of $1.46 was recorded on 04/26/24. SMA at 50 days reached $2.91, while 200 days put it at $2.46.

Levels Of Support And Resistance For XERS Stock

The 24-hour chart illustrates a support level at 3.17, which if violated will result in even more drops to 3.11. On the upside, there is a resistance level at 3.29. A further resistance level may holdings at 3.35. The Relative Strength Index (RSI) on the 14-day chart is 67.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.65%. Stochastics %K at 69.73% indicates the stock is a holding.

How much short interest is there in Xeris Biopharma Holdings Inc?

A steep rise in short interest was recorded in Xeris Biopharma Holdings Inc stocks on 2024-10-15, growing by 0.57 million shares to a total of 11.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 11.0 million shares. There was a rise of 4.89%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 17, 2021 when SVB Leerink began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.

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