Taking this into account, Piper Sandler downgraded its ImmunityBio Inc [IBRX] rating to a Neutral from a an Overweight in a research note published on May 12, 2023; the price target was decreased to $4 from $10. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating.
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Price Performance Review of IBRX
On Tuesday, ImmunityBio Inc [NASDAQ:IBRX] saw its stock fall -9.17% to $4.95. Over the last five days, the stock has lost -9.01%. ImmunityBio Inc shares have fallen nearly -1.39% since the year began. Nevertheless, the stocks have risen 59.16% over the past one year. While a 52-week high of $10.53 was reached on 04/29/24, a 52-week low of $2.94 was recorded on 01/25/24. SMA at 50 days reached $4.05, while 200 days put it at $5.24.
Levels Of Support And Resistance For IBRX Stock
The 24-hour chart illustrates a support level at 4.53, which if violated will result in even more drops to 4.11. On the upside, there is a resistance level at 5.40. A further resistance level may holdings at 5.86. The Relative Strength Index (RSI) on the 14-day chart is 53.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.78%. Stochastics %K at 47.12% indicates the stock is a holding.
How much short interest is there in ImmunityBio Inc?
A steep rise in short interest was recorded in ImmunityBio Inc stocks on 2024-10-15, growing by 0.84 million shares to a total of 51.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 50.74 million shares. There was a rise of 1.62%, which implies that there is a positive sentiment for the stock.
