Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cassava Sciences Inc shares valued at $15,480 were sold by Kupiec James William on Nov 29 ’24. At $3.87 per share, Kupiec James William sold 4,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Schoen Eric sold 59,800 shares, netting a total of over 230,828 in proceeds. Following the sale of shares at $3.86 each, the insider now holds 11,500 shares.
Before that, Schoen Eric had sold 2,000 shares from its account. In a trade valued at $7,640, the Chief Financial Officer traded Cassava Sciences Inc shares for $3.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,000 shares, worth approximately $0.0.
As published in a research note from H.C. Wainwright on November 26, 2024, Cassava Sciences Inc [SAVA] has been rated down from a Buy to a Neutral. Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of July 01, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for SAVA. Earlier on November 16, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for SAVA stock which previously was a “a Buy”.
Analyzing SAVA Stock Performance
During the last five days, there has been a drop of approximately -6.75%. Over the course of the year, Cassava Sciences Inc shares have dropped approximately -89.44%. Shares of the company reached a 52-week high of $42.20 on 08/05/24 and a 52-week low of $2.23 on 12/20/24. A 50-day SMA is recorded $17.02, while a 200-day SMA reached $20.93. Nevertheless, trading volume fell to 2.15 million shares from 4.17 million shares the previous day.
Support And Resistance Levels for Cassava Sciences Inc (SAVA)
According to the 24-hour chart, there is a support level at 2.26, which, if violated, would cause prices to drop to 2.17. In the upper region, resistance lies at 2.43. The next price resistance is at 2.51. RSI (Relative Strength Index) is 23.12 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.31, which suggests the price will decrease in the coming days. Percent R is at 89.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
