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RBC Capital Mkts reiterates Exelixis Inc (EXEL) stock to an Outperform

Exelixis Inc’s recently made public that its Officer PATRICK JOSEPH HALEY acquired Company’s shares for reported $0.35 million on Nov 22 ’24. In the deal valued at $35.27 per share,10,000 shares were bought.

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Then, Haley Patrick J. sold 41,588 shares, generating $1,428,822 in total proceeds. Upon selling the shares at $34.36, the EVP, Commercial now owns 288,665 shares.

Before that, Haley Patrick J. bought 19,381 shares. Exelixis Inc shares valued at $666,974 were divested by the Officer at a price of $34.41 per share.

RBC Capital Mkts reiterated its Exelixis Inc [EXEL] rating to an Outperform in a research note published on October 16, 2024; the price target was $34. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Barclays also remained covering EXEL and has decreased its forecast on April 11, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. BTIG Research started covering the stock on December 19, 2023. It rated EXEL as “a Buy”.

Price Performance Review of EXEL

On Monday, Exelixis Inc [NASDAQ:EXEL] saw its stock jump 2.16% to $36.38. Over the last five days, the stock has gained 5.39%. Exelixis Inc shares have risen nearly 51.65% since the year began. Nevertheless, the stocks have risen 67.80% over the past one year. While a 52-week high of $36.60 was reached on 11/25/24, a 52-week low of $19.20 was recorded on 01/08/24. SMA at 50 days reached $30.08, while 200 days put it at $24.81.

Levels Of Support And Resistance For EXEL Stock

The 24-hour chart illustrates a support level at 35.88, which if violated will result in even more drops to 35.38. On the upside, there is a resistance level at 36.80. A further resistance level may holdings at 37.22. The Relative Strength Index (RSI) on the 14-day chart is 75.64, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.72%. Stochastics %K at 63.45% indicates the stock is a holding.

How much short interest is there in Exelixis Inc?

A steep rise in short interest was recorded in Exelixis Inc stocks on 2024-10-31, dropping by -0.93 million shares to a total of 9.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.05 million shares. There was a decline of -10.25%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on December 15, 2023 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.

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