Denali Therapeutics Inc’s recently made public that its Director Schenkein David P unloaded Company’s shares for reported $1.93 million on Nov 11 ’24. In the deal valued at $32.51 per share,59,441 shares were sold. As a result of this transaction, Schenkein David P now holds 9,220 shares worth roughly $0.22 million.
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Then, Schuth Alexander O. sold 15,558 shares, generating $465,286 in total proceeds. Upon selling the shares at $29.91, the COFO and Secretary now owns 178,066 shares.
Before that, SATO VICKI L sold 1,020 shares. Denali Therapeutics Inc shares valued at $30,600 were divested by the Director at a price of $30.00 per share. As a result of the transaction, SATO VICKI L now holds 111,056 shares, worth roughly $2.69 million.
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 Monday, Denali Therapeutics Inc [NASDAQ:DNLI] saw its stock fall -3.47% to $24.18. Over the last five days, the stock has lost -23.43%. Denali Therapeutics Inc shares have risen nearly 12.67% since the year began. Nevertheless, the stocks have risen 33.37% 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 $28.17, while 200 days put it at $22.46.
Levels Of Support And Resistance For DNLI Stock
The 24-hour chart illustrates a support level at 23.71, which if violated will result in even more drops to 23.24. On the upside, there is a resistance level at 25.00. A further resistance level may holdings at 25.82. The Relative Strength Index (RSI) on the 14-day chart is 35.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.71%. Stochastics %K at 13.08% indicates the stock is a buying.
How much short interest is there in Denali Therapeutics Inc?
A steep rise in short interest was recorded in Denali Therapeutics Inc stocks on 2024-10-31, dropping by -0.31 million shares to a total of 7.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 7.74 million shares. There was a decline of -4.14%, which implies that there is a negative sentiment for the stock.
