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An Analysis of Dynavax Technologies Corp (DVAX)’s Potential Price Growth

Dynavax Technologies Corp’s recently made public that its Director CANO FRANCIS unloaded Company’s shares for reported $43127.0 on May 31 ’24. In the deal valued at $11.93 per share,3,615 shares were sold. As a result of this transaction, CANO FRANCIS now holds 36,905 shares worth roughly $0.47 million.

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Then, Burgess Justin sold 20,526 shares, generating $262,322 in total proceeds. Upon selling the shares at $12.78, the Chief Accounting Officer now owns 0 shares.

Before that, Janssen Robert sold 1,500 shares. Dynavax Technologies Corp shares valued at $22,500 were divested by the SVP and CMO at a price of $15.00 per share. As a result of the transaction, Janssen Robert now holds 49,925 shares, worth roughly $0.63 million.

Goldman initiated its Dynavax Technologies Corp [DVAX] rating to a Neutral in a research note published on February 01, 2024; the price target was $20. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late September with a ‘”a Mkt outperform”‘ rating. Goldman started covering the stock on August 06, 2021. It rated DVAX as “a Buy”.

Price Performance Review of DVAX

On Tuesday, Dynavax Technologies Corp [NASDAQ:DVAX] saw its stock jump 1.36% to $12.66. Over the last five days, the stock has gained 5.41%. Dynavax Technologies Corp shares have fallen nearly -9.44% since the year began. Nevertheless, the stocks have fallen -7.12% over the past one year. While a 52-week high of $15.01 was reached on 01/04/24, a 52-week low of $9.74 was recorded on 08/06/24. SMA at 50 days reached $11.56, while 200 days put it at $11.58.

Levels Of Support And Resistance For DVAX Stock

The 24-hour chart illustrates a support level at 12.46, which if violated will result in even more drops to 12.25. On the upside, there is a resistance level at 12.82. A further resistance level may holdings at 12.97. The Relative Strength Index (RSI) on the 14-day chart is 57.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.57%. Stochastics %K at 42.70% indicates the stock is a holding.

How much short interest is there in Dynavax Technologies Corp?

A steep rise in short interest was recorded in Dynavax Technologies Corp stocks on 2024-11-15, growing by 3.94 million shares to a total of 21.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 17.06 million shares. There was a rise of 18.75%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 07, 2020 when H.C. Wainwright resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $12.

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