Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Anavex Life Sciences Corporation shares valued at $10,319 were purchased by Donhauser Peter D.O. on Jun 14 ’24. At $3.64 per share, Donhauser Peter D.O. acquired 2,835 shares. The insider’s holdings grew to 5,000 shares worth approximately $38200.0 following the completion of this transaction.
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Also, Thomas Steffen purchased 5,000 shares, netting a total of over 22,600 in proceeds. Following the buying of shares at $4.52 each, the insider now holds 5,000 shares.
Before that, MISSLING CHRISTOPHER U had sold 73,380 shares from its account. In a trade valued at $374,972, the President and CEO traded Anavex Life Sciences Corporation shares for $5.11 each. Upon closing the transaction, the insider’s holdings decreased to 73,380 shares, worth approximately $9.55 million.
As published in a research note from Cantor Fitzgerald on December 06, 2022, Anavex Life Sciences Corporation [AVXL] has been rated down from an Overweight to a Neutral and the price target has been revised to $11 from $16. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of September 23, 2021, BTIG Research has initiated its “Buy” rating for AVXL. Earlier on December 16, 2020, H.C. Wainwright resumed its rating. Their recommendation was “a Buy” for AVXL stock.
Analyzing AVXL Stock Performance
During the last five days, there has been a surge of approximately 15.33%. Over the course of the year, Anavex Life Sciences Corporation shares have dropped approximately -17.99%. Shares of the company reached a 52-week high of $8.10 on 11/06/24 and a 52-week low of $3.25 on 04/25/24. A 50-day SMA is recorded $5.71, while a 200-day SMA reached $5.16. Nevertheless, trading volume fell to 1.25 million shares from 1.45 million shares the previous day.
Support And Resistance Levels for Anavex Life Sciences Corporation (AVXL)
According to the 24-hour chart, there is a support level at 7.43, which, if violated, would cause prices to drop to 7.23. In the upper region, resistance lies at 7.96. The next price resistance is at 8.28. RSI (Relative Strength Index) is 75.66 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 16.15%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
