Annexon Inc’s filing revealed that its EVP & CHIEF INNOVATION OFFICER Yednock Ted unloaded Company’s shares for reported $40073.0 on Oct 15 ’24. In the deal valued at $7.41 per share,5,408 shares were sold. As a result of this transaction, Yednock Ted now holds 71,365 shares worth roughly $0.47 million.
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Then, Yednock Ted bought 5,408 shares, generating $40,073 in total proceeds.
Before that, Carson William H. bought 3,200 shares. Annexon Inc shares valued at $19,104 were divested by the Director at a price of $5.97 per share. As a result of the transaction, Carson William H. now holds 22,400 shares, worth roughly $0.15 million.
JP Morgan upgraded its Annexon Inc [ANNX] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late December from “a Neutral” to “a Buy”. Wells Fargo began covering ANNX with “an Overweight” recommendation on October 30, 2023. BofA Securities revised its rating on May 26, 2023. It rated ANNX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of ANNX
On Tuesday, Annexon Inc [NASDAQ:ANNX] saw its stock fall -5.16% to $6.61. Over the last five days, the stock has lost -8.83%. Annexon Inc shares have risen nearly 45.59% since the year began. Nevertheless, the stocks have risen 211.06% over the past one year. While a 52-week high of $8.40 was reached on 03/27/24, a 52-week low of $2.10 was recorded on 02/05/24. SMA at 50 days reached $6.87, while 200 days put it at $5.79.
Levels Of Support And Resistance For ANNX Stock
The 24-hour chart illustrates a support level at 6.45, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.85. A further resistance level may holdings at 7.09. The Relative Strength Index (RSI) on the 14-day chart is 37.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.21%. Stochastics %K at 21.56% indicates the stock is a holding.
How much short interest is there in Annexon Inc?
A steep rise in short interest was recorded in Annexon Inc stocks on 2024-10-15, growing by 2.03 million shares to a total of 8.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.89 million shares. There was a rise of 22.77%, which implies that there is a positive sentiment for the stock.
