Following these proceedings, Chardan Capital Markets initiated its Durect Corp [DRRX] rating to a Buy in a research note published on October 30, 2020; the price target was $7. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Oppenheimer began covering DRRX with “an Outperform” recommendation on July 31, 2020. B. Riley FBR started covering the stock on January 31, 2020. It rated DRRX as “a Buy”.
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Price Performance Review of DRRX
On Tuesday, Durect Corp [NASDAQ:DRRX] saw its stock jump 4.44% to $0.97. Over the last five days, the stock has gained 7.79%. Durect Corp shares have risen nearly 64.41% since the year began. Nevertheless, the stocks have risen 86.57% over the past one year. While a 52-week high of $1.88 was reached on 06/03/24, a 52-week low of $0.51 was recorded on 01/04/24. SMA at 50 days reached $1.0973, while 200 days put it at $1.2464.
Levels Of Support And Resistance For DRRX Stock
The 24-hour chart illustrates a support level at 0.9036, which if violated will result in even more drops to 0.8372. On the upside, there is a resistance level at 1.0032. A further resistance level may holdings at 1.0364. The Relative Strength Index (RSI) on the 14-day chart is 52.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1046, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.40%. Stochastics %K at 75.78% indicates the stock is a holding.
How much short interest is there in Durect Corp?
A steep rise in short interest was recorded in Durect Corp stocks on 2024-10-31, growing by 32450.0 shares to a total of 0.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.95 million shares. There was a rise of 3.32%, which implies that there is a positive sentiment for the stock.
