Denali Therapeutics Inc’s filing revealed that its COFO and Secretary Schuth Alexander O. unloaded Company’s shares for reported $0.47 million on Nov 07 ’24. In the deal valued at $29.91 per share,15,558 shares were sold. As a result of this transaction, Schuth Alexander O. now holds 178,066 shares worth roughly $5.32 million.
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Then, SATO VICKI L sold 1,020 shares, generating $30,600 in total proceeds. Upon selling the shares at $30.00, the Director now owns 111,056 shares.
Before that, DAVID SCHENKEIN bought 59,441 shares. Denali Therapeutics Inc shares valued at $1,863,475 were divested by the Director at a price of $31.35 per share.
A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who decreased its forecast for the stock in early October from “an Overweight” to “a Neutral”. Citigroup began covering DNLI with “Buy” recommendation on December 13, 2023.
Price Performance Review of DNLI
On Tuesday, Denali Therapeutics Inc [NASDAQ:DNLI] saw its stock fall -5.35% to $29.89. Over the last five days, the stock has gained 8.10%. Denali Therapeutics Inc shares have risen nearly 39.28% since the year began. Nevertheless, the stocks have risen 84.28% over the past one year. While a 52-week high of $33.33 was reached on 11/11/24, a 52-week low of $14.56 was recorded on 04/25/24. SMA at 50 days reached $28.05, while 200 days put it at $22.25.
Levels Of Support And Resistance For DNLI Stock
The 24-hour chart illustrates a support level at 29.10, which if violated will result in even more drops to 28.32. On the upside, there is a resistance level at 31.07. A further resistance level may holdings at 32.26. The Relative Strength Index (RSI) on the 14-day chart is 58.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.76, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.22%. Stochastics %K at 77.14% indicates the stock is a holding.
How much short interest is there in Denali Therapeutics Inc?
A steep rise in short interest was recorded in Denali Therapeutics Inc stocks on 2024-10-15, dropping by -1.66 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.4 million shares. There was a decline of -21.52%, which implies that there is a negative sentiment for the stock.
