The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Vaxcyte Inc shares valued at $245,796 were sold by PICKERING GRANT on Nov 07 ’24. At $103.89 per share, PICKERING GRANT sold 2,366 shares. The insider’s holdings dropped to 137,398 shares worth approximately $13.28 million following the completion of this transaction.
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Also, PICKERING GRANT purchased 2,366 shares, netting a total of over 246,253 in proceeds.
Before that, Eydelman Mikhail had sold 5,000 shares from its account. In a trade valued at $531,803, the SVP, GEN COUNSEL & CORP SEC traded Vaxcyte Inc shares for $106.36 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.77 million.
As published in their initiating research note from Mizuho on December 07, 2023, Vaxcyte Inc [PCVX] has been a Buy and the price target has been revised to $69. Analysts at TD Cowen started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid April. As of January 03, 2023, Needham has reiterated its “Buy” rating for PCVX. Earlier on December 15, 2022, Guggenheim initiated its rating. Their recommendation was “a Buy” for PCVX stock.
Analyzing PCVX Stock Performance
During the last five days, there has been a drop of approximately -7.15%. Over the course of the year, Vaxcyte Inc shares have jumped approximately 53.87%. Shares of the company reached a 52-week high of $121.06 on 09/19/24 and a 52-week low of $53.83 on 01/05/24. A 50-day SMA is recorded $111.55, while a 200-day SMA reached $82.72. Nevertheless, trading volume fell to 2.85 million shares from 1.55 million shares the previous day.
Support And Resistance Levels for Vaxcyte Inc (PCVX)
According to the 24-hour chart, there is a support level at 93.53, which, if violated, would cause prices to drop to 90.42. In the upper region, resistance lies at 100.21. The next price resistance is at 103.78. RSI (Relative Strength Index) is 31.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.70, which suggests the price will decrease in the coming days. Percent R is at 88.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
