Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Xencor Inc shares valued at $1,186,363 were sold by Dahiyat Bassil I on Nov 21 ’24. At $24.07 per share, Dahiyat Bassil I sold 49,278 shares. The insider’s holdings dropped to 352,615 shares worth approximately $9.03 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Dahiyat Bassil I purchased 49,278 shares, netting a total of over 1,186,362 in proceeds.
Before that, Dahiyat Bassil I had sold 3,366 shares from its account. In a trade valued at $80,842, the PRESIDENT & CEO traded Xencor Inc shares for $24.02 each. Upon closing the transaction, the insider’s holdings decreased to 3,366 shares, worth approximately $9.03 million.
As published in a research note from BTIG Research on April 16, 2024, Xencor Inc [XNCR] has been retained to a Buy and the price target has been revised to $38. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of May 19, 2023, BofA Securities has initiated its “Buy” rating for XNCR. Earlier on December 06, 2022, Cowen initiated its rating. Their recommendation was “an Outperform” for XNCR stock.
Analyzing XNCR Stock Performance
During the last five days, there has been a surge of approximately 8.01%. Over the course of the year, Xencor Inc shares have jumped approximately 20.68%. Shares of the company reached a 52-week high of $26.84 on 02/27/24 and a 52-week low of $15.31 on 08/07/24. A 50-day SMA is recorded $21.75, while a 200-day SMA reached $20.98. Nevertheless, trading volume fell to 0.37 million shares from 0.94 million shares the previous day.
Support And Resistance Levels for Xencor Inc (XNCR)
According to the 24-hour chart, there is a support level at 25.30, which, if violated, would cause prices to drop to 24.98. In the upper region, resistance lies at 25.88. The next price resistance is at 26.14. RSI (Relative Strength Index) is 71.95 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.56, which suggests the price will increase in the coming days. Percent R is at 20.21%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
