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Chardan Capital Markets gives a Neutral recommendation for Exicure Inc (XCUR)

Exicure Inc’s filing revealed that its 10% Owner DGP Co., Ltd. acquired Company’s shares for reported $0.71 million on Sep 12 ’24. In the deal valued at $3.00 per share,237,223 shares were bought. As a result of this transaction, DGP Co., Ltd. now holds 849,223 shares worth roughly $22.71 million.

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Then, DGP Co., Ltd. sold 3,400,000 shares, generating $4,488,000 in total proceeds. Upon selling the shares at $1.32, the 10% Owner now owns 0 shares.

Chardan Capital Markets downgraded its Exicure Inc [XCUR] rating to a Neutral from a a Buy in a research note published on December 13, 2021; the price target was decreased to $0.40 from $2.25. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. Guggenheim began covering XCUR with “Buy” recommendation on November 20, 2019.

Price Performance Review of XCUR

On Monday, Exicure Inc [NASDAQ:XCUR] saw its stock jump 45.48% to $26.74. Over the last five days, the stock has gained 578.68%. Exicure Inc shares have risen nearly 821.59% since the year began. Nevertheless, the stocks have risen 969.39% over the past one year. While a 52-week high of $19.62 was reached on 11/25/24, a 52-week low of $1.44 was recorded on 09/13/24. SMA at 50 days reached $4.09, while 200 days put it at $2.83.

Levels Of Support And Resistance For XCUR Stock

The 24-hour chart illustrates a support level at 19.36, which if violated will result in even more drops to 11.99. On the upside, there is a resistance level at 33.30. A further resistance level may holdings at 39.87. The Relative Strength Index (RSI) on the 14-day chart is 94.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.13%. Stochastics %K at 80.59% indicates the stock is a selling.

How much short interest is there in Exicure Inc?

A steep rise in short interest was recorded in Exicure Inc stocks on 2024-10-31, dropping by 24760.0 shares to a total of 31088.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 55848.0 shares. There was a decline of -79.64%, which implies that there is a negative sentiment for the stock.

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