Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kodiak Sciences Inc shares valued at $7,904 were sold by BORGESON JOHN A. on Jun 17 ’24. At $2.75 per share, BORGESON JOHN A. sold 2,874 shares. The insider’s holdings dropped to 182,164 shares worth approximately $1.59 million following the completion of this transaction.
Also, BORGESON JOHN A. sold 1,558 shares, netting a total of over 4,549 in proceeds. Following the sale of shares at $2.92 each, the insider now holds 179,544 shares.
As published in a research note from Jefferies on December 09, 2024, Kodiak Sciences Inc [KOD] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at H.C. Wainwright started covering the stock with ‘”a Neutral”‘ outlook in a report released in early September. Earlier on November 17, 2023, CapitalOne upgraded its rating. Their new recommendation was “an Overweight” for KOD stock which previously was a “an Equal weight”.
Analyzing KOD Stock Performance
During the last five days, there has been a drop of approximately -2.13%. Over the course of the year, Kodiak Sciences Inc shares have jumped approximately 187.83%. Shares of the company reached a 52-week high of $11.60 on 12/09/24 and a 52-week low of $2.18 on 07/03/24. A 50-day SMA is recorded $5.50, while a 200-day SMA reached $3.88. Nevertheless, trading volume fell to 0.62 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Kodiak Sciences Inc (KOD)
According to the 24-hour chart, there is a support level at 8.35, which, if violated, would cause prices to drop to 7.95. In the upper region, resistance lies at 9.35. The next price resistance is at 9.95. RSI (Relative Strength Index) is 65.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 55.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
