Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Scynexis Inc shares valued at $27,400 were purchased by Angulo Gonzalez David on Sep 12 ’24. At $1.37 per share, Angulo Gonzalez David acquired 20,000 shares. The insider’s holdings grew to 507,871 shares worth approximately $0.7 million following the completion of this transaction.
Also, Federated Hermes Kaufmann Fund purchased 9,700 shares, netting a total of over 17,169 in proceeds.
Before that, Federated Hermes Kaufmann Smal had added 272,000 shares to its account. In a trade valued at $481,440, the 10% Owner bought Scynexis Inc shares for $1.77 each.
As published in their initiating research note from Guggenheim on January 22, 2021, Scynexis Inc [SCYX] has been a Buy and the price target has been revised to $25. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of July 11, 2018, Needham has increased its “Hold” rating to a “Buy” for SCYX. Earlier on June 27, 2018, Maxim Group initiated its rating. Their recommendation was “a Buy” for SCYX stock.
Analyzing SCYX Stock Performance
During the last five days, there has been a surge of approximately 16.10%. Over the course of the year, Scynexis Inc shares have dropped approximately -38.57%. Shares of the company reached a 52-week high of $3.0700 on 05/20/24 and a 52-week low of $1.1500 on 11/20/24. A 50-day SMA is recorded $1.4039, while a 200-day SMA reached $1.7100. Nevertheless, trading volume fell to 0.23 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Scynexis Inc (SCYX)
According to the 24-hour chart, there is a support level at 1.2817, which, if violated, would cause prices to drop to 1.1933. In the upper region, resistance lies at 1.4167. The next price resistance is at 1.4633. RSI (Relative Strength Index) is 56.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0414, which suggests the price will decrease in the coming days. Percent R is at 2.22%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
