The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Anixa Biosciences Inc shares valued at $66,237 were purchased by Titterton Lewis H jr on Jul 30 ’24. At $3.06 per share, Titterton Lewis H jr acquired 21,646 shares. The insider’s holdings grew to 890,754 shares worth approximately $2.95 million following the completion of this transaction.
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Also, Titterton Lewis H jr purchased 5,580 shares, netting a total of over 18,023 in proceeds. Following the buying of shares at $3.23 each, the insider now holds 896,334 shares.
Before that, Titterton Lewis H jr had added 7,700 shares to its account. In a trade valued at $23,331, the Director bought Anixa Biosciences Inc shares for $3.03 each. Upon closing the transaction, the insider’s holdings increased to 7,700 shares, worth approximately $2.88 million.
As published in their initiating research note from Chardan Capital Markets on December 23, 2022, Anixa Biosciences Inc [ANIX] has been a Buy and the price target has been revised to $8. Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April.
Analyzing ANIX Stock Performance
During the last five days, there has been a surge of approximately 8.70%. Over the course of the year, Anixa Biosciences Inc shares have dropped approximately -14.69%. Shares of the company reached a 52-week high of $5.13 on 01/18/24 and a 52-week low of $2.14 on 06/28/24. A 50-day SMA is recorded $3.25, while a 200-day SMA reached $3.10. Nevertheless, trading volume fell to 66100.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Anixa Biosciences Inc (ANIX)
According to the 24-hour chart, there is a support level at 3.25, which, if violated, would cause prices to drop to 3.20. In the upper region, resistance lies at 3.41. The next price resistance is at 3.52. RSI (Relative Strength Index) is 52.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 75.42%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
