Scilex Holding Company’s recently made public that its Executive Chairperson Ji Henry acquired Company’s shares for reported $8351.0 on Oct 31 ’24. In the deal valued at $0.94 per share,8,888 shares were bought. As a result of this transaction, Ji Henry now holds 320,161 shares worth roughly $0.2 million.
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Then, SHAH JAISIM bought 32,000 shares, generating $31,670 in total proceeds. Upon buying the shares at $0.99, the insider now owns 109,333 shares.
Before that, Followwill Dorman bought 1,000 shares. Scilex Holding Company shares valued at $990 were divested by the Director at a price of $0.99 per share. As a result of the transaction, Followwill Dorman now holds 2,300 shares, worth roughly $1403.0.
Alliance Global Partners initiated its Scilex Holding Company [SCLX] rating to a Buy in a research note published on October 16, 2024; the price target was $14. A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. B. Riley Securities began covering SCLX with “Buy” recommendation on October 16, 2023. B. Riley Securities started covering the stock on October 13, 2023. It rated SCLX as “a Buy”.
Price Performance Review of SCLX
On Friday, Scilex Holding Company [NASDAQ:SCLX] saw its stock fall -10.31% to $0.61. Over the last five days, the stock has lost -30.72%. Scilex Holding Company shares have fallen nearly -70.10% since the year began. Nevertheless, the stocks have fallen -51.60% over the past one year. While a 52-week high of $2.63 was reached on 02/29/24, a 52-week low of $0.62 was recorded on 11/15/24. SMA at 50 days reached $0.9177, while 200 days put it at $1.2797.
Levels Of Support And Resistance For SCLX Stock
The 24-hour chart illustrates a support level at 0.5384, which if violated will result in even more drops to 0.4669. On the upside, there is a resistance level at 0.6807. A further resistance level may holdings at 0.7515. The Relative Strength Index (RSI) on the 14-day chart is 28.72, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2098, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.01%. Stochastics %K at 8.84% indicates the stock is a buying.
How much short interest is there in Scilex Holding Company?
A steep rise in short interest was recorded in Scilex Holding Company stocks on 2024-10-31, dropping by 41868.0 shares to a total of 11.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.08 million shares. There was a decline of -0.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
