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Examining the Potential Price Growth of Nurix Therapeutics Inc (NRIX)

Nurix Therapeutics Inc’s recent filing unveils that its Chief Legal Officer Ring Christine unloaded Company’s shares for reported $0.13 million on Dec 02 ’24. In the deal valued at $21.73 per share,5,760 shares were sold. As a result of this transaction, Ring Christine now holds 28,084 shares worth roughly $0.59 million.

Then, CHRISTINE RING bought 5,760 shares, generating $127,354 in total proceeds.

Before that, Ring Christine sold 3,290 shares. Nurix Therapeutics Inc shares valued at $82,250 were divested by the Chief Legal Officer at a price of $25.00 per share. As a result of the transaction, Ring Christine now holds 28,084 shares, worth roughly $0.59 million.

UBS initiated its Nurix Therapeutics Inc [NRIX] rating to a Buy in a research note published on October 24, 2024; the price target was $35. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Truist started covering the stock on July 31, 2024. It rated NRIX as “a Buy”.

Price Performance Review of NRIX

On Tuesday, Nurix Therapeutics Inc [NASDAQ:NRIX] saw its stock fall -2.79% to $20.89. Over the last five days, the stock has lost -4.26%. Nurix Therapeutics Inc shares have risen nearly 102.42% since the year began. Nevertheless, the stocks have risen 202.32% over the past one year. While a 52-week high of $29.56 was reached on 11/11/24, a 52-week low of $6.58 was recorded on 01/29/24. SMA at 50 days reached $23.97, while 200 days put it at $19.39.

Levels Of Support And Resistance For NRIX Stock

The 24-hour chart illustrates a support level at 20.40, which if violated will result in even more drops to 19.92. On the upside, there is a resistance level at 21.47. A further resistance level may holdings at 22.06. The Relative Strength Index (RSI) on the 14-day chart is 35.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.89%. Stochastics %K at 10.87% indicates the stock is a buying.

How much short interest is there in Nurix Therapeutics Inc?

A steep rise in short interest was recorded in Nurix Therapeutics Inc stocks on 2024-11-15, growing by 0.36 million shares to a total of 9.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 9.24 million shares. There was a rise of 3.78%, which implies that there is a positive sentiment for the stock.

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