Xencor Inc’s recently made public that its Officer Dahiyat Bassil I acquired Company’s shares for reported $1.19 million on Nov 21 ’24. In the deal valued at $24.07 per share,49,278 shares were bought.
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Then, Dahiyat Bassil I sold 3,366 shares, generating $80,842 in total proceeds. Upon selling the shares at $24.02, the PRESIDENT & CEO now owns 352,615 shares.
Before that, Desjarlais John R sold 68,684 shares. Xencor Inc shares valued at $1,612,639 were divested by the SR. VICE PRESIDENT & CSO at a price of $23.48 per share. As a result of the transaction, Desjarlais John R now holds 200,104 shares, worth roughly $5.0 million.
BTIG Research reiterated its Xencor Inc [XNCR] rating to a Buy in a research note published on April 16, 2024; the price target was $38. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Neutral”. BofA Securities began covering XNCR with “Buy” recommendation on May 19, 2023. Cowen started covering the stock on December 06, 2022. It rated XNCR as “an Outperform”.
Price Performance Review of XNCR
On Friday, Xencor Inc [NASDAQ:XNCR] saw its stock jump 3.78% to $25.01. Over the last five days, the stock has gained 8.41%. Xencor Inc shares have risen nearly 17.80% since the year began. Nevertheless, the stocks have risen 33.53% over the past one year. While a 52-week high of $26.84 was reached on 02/27/24, a 52-week low of $15.31 was recorded on 08/07/24. SMA at 50 days reached $21.47, while 200 days put it at $20.89.
Levels Of Support And Resistance For XNCR Stock
The 24-hour chart illustrates a support level at 24.24, which if violated will result in even more drops to 23.46. On the upside, there is a resistance level at 25.47. A further resistance level may holdings at 25.92. The Relative Strength Index (RSI) on the 14-day chart is 76.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 3.38%. Stochastics %K at 94.03% indicates the stock is a selling.
How much short interest is there in Xencor Inc?
A steep rise in short interest was recorded in Xencor Inc stocks on 2024-10-31, dropping by -0.35 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.36 million shares. There was a decline of -6.93%, which implies that there is a negative sentiment for the stock.
