Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exelixis Inc shares valued at $1,706,500 were sold by Hessekiel Jeffrey on Nov 01 ’24. At $34.13 per share, Hessekiel Jeffrey sold 50,000 shares. The insider’s holdings dropped to 530,325 shares worth approximately $18.83 million following the completion of this transaction.
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Also, POSTE GEORGE sold 30,000 shares, netting a total of over 1,020,000 in proceeds. Following the sale of shares at $34.00 each, the insider now holds 169,020 shares.
Before that, DANA T AFTAB had added 96,986 shares to its account. In a trade valued at $3,394,510, the Officer bought Exelixis Inc shares for $35.00 each.
As published in a research note from RBC Capital Mkts on October 16, 2024, Exelixis Inc [EXEL] has been retained to an Outperform and the price target has been revised to $34. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of April 11, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for EXEL. Earlier on December 19, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for EXEL stock.
Analyzing EXEL Stock Performance
During the last five days, there has been a surge of approximately 9.46%. Over the course of the year, Exelixis Inc shares have jumped approximately 48.02%. Shares of the company reached a 52-week high of $35.84 on 11/06/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $27.67, while a 200-day SMA reached $23.91. Nevertheless, trading volume fell to 2.52 million shares from 2.75 million shares the previous day.
Support And Resistance Levels for Exelixis Inc (EXEL)
According to the 24-hour chart, there is a support level at 35.04, which, if violated, would cause prices to drop to 34.57. In the upper region, resistance lies at 35.91. The next price resistance is at 36.31. RSI (Relative Strength Index) is 84.90 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.98, which suggests the price will increase in the coming days. Percent R is at 4.14%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
