Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Exelixis Inc shares valued at $2,200,200 were sold by Hessekiel Jeffrey on Nov 29 ’24. At $36.67 per share, Hessekiel Jeffrey sold 60,000 shares. The insider’s holdings dropped to 486,059 shares worth approximately $16.44 million following the completion of this transaction.
Also, JEFFREY HESSEKIEL purchased 60,000 shares, netting a total of over 2,200,230 in proceeds.
Before that, Haley Patrick J. had sold 10,000 shares from its account. In a trade valued at $352,700, the EVP, Commercial traded Exelixis Inc shares for $35.27 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $9.42 million.
As published in a research note from BMO Capital Markets on December 20, 2024, Exelixis Inc [EXEL] has been rated down from an Outperform to a Market perform and the price target has been revised to $40 from $36. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid December. As of October 16, 2024, RBC Capital Mkts has reiterated its “an Outperform” rating for EXEL. Earlier on September 19, 2024, UBS initiated its rating. Their recommendation was “a Neutral” for EXEL stock.
Analyzing EXEL Stock Performance
During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, Exelixis Inc shares have jumped approximately 40.98%. Shares of the company reached a 52-week high of $36.97 on 11/29/24 and a 52-week low of $19.20 on 01/08/24. A 50-day SMA is recorded $33.61, while a 200-day SMA reached $26.17. Nevertheless, trading volume fell to 0.8 million shares from 1.92 million shares the previous day.
Support And Resistance Levels for Exelixis Inc (EXEL)
According to the 24-hour chart, there is a support level at 33.47, which, if violated, would cause prices to drop to 33.13. In the upper region, resistance lies at 34.03. The next price resistance is at 34.25. RSI (Relative Strength Index) is 45.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.23, which suggests the price will decrease in the coming days. Percent R is at 77.17%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
