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A company insider recently sold 41,588 shares of Exelixis Inc [EXEL]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exelixis Inc shares valued at $1,428,822 were sold by Haley Patrick J. on Nov 18 ’24. At $34.36 per share, Haley Patrick J. sold 41,588 shares. The insider’s holdings dropped to 288,665 shares worth approximately $10.05 million following the completion of this transaction.

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Also, Haley Patrick J. purchased 19,381 shares, netting a total of over 666,974 in proceeds.

Before that, PATRICK JOSEPH HALEY had added 22,207 shares to its account. In a trade valued at $761,884, the Officer bought Exelixis Inc shares for $34.31 each.

As published in a research note from RBC Capital Mkts on October 16, 2024, Exelixis Inc [EXEL] has been retained to an Outperform and the price target has been revised to $34. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of April 11, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for EXEL. Earlier on December 19, 2023, BTIG Research initiated its rating. Their recommendation was “a Buy” for EXEL stock.

Analyzing EXEL Stock Performance

During the last five days, there has been a drop of approximately -0.63%. Over the course of the year, Exelixis Inc shares have jumped approximately 45.19%. Shares of the company reached a 52-week high of $36.60 on 11/08/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $29.72, while a 200-day SMA reached $24.65. Nevertheless, trading volume fell to 1.41 million shares from 1.79 million shares the previous day.

Support And Resistance Levels for Exelixis Inc (EXEL)

According to the 24-hour chart, there is a support level at 34.49, which, if violated, would cause prices to drop to 34.14. In the upper region, resistance lies at 35.09. The next price resistance is at 35.34. RSI (Relative Strength Index) is 68.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 62.32%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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