Codexis Inc’s recent filing unveils that its 10% Owner Opaleye Management Inc. acquired Company’s shares for reported $0.16 million on Dec 30 ’24. In the deal valued at $4.70 per share,35,000 shares were bought. As a result of this transaction, Opaleye Management Inc. now holds 8,580,000 shares worth roughly $46.59 million.
Then, Opaleye Management Inc. bought 10,000 shares, generating $46,603 in total proceeds. Upon buying the shares at $4.66, the 10% Owner now owns 8,590,000 shares.
Before that, Opaleye Management Inc. bought 25,000 shares. Codexis Inc shares valued at $72,720 were divested by the 10% Owner at a price of $2.91 per share. As a result of the transaction, Opaleye Management Inc. now holds 8,545,000 shares, worth roughly $46.4 million.
The Benchmark Company downgraded its Codexis Inc [CDXS] rating to a Hold from a a Buy in a research note published recently. Cantor Fitzgerald began covering CDXS with “an Overweight” recommendation on May 30, 2024. The Benchmark Company revised its rating on February 29, 2024. It rated CDXS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CDXS
On Friday, Codexis Inc [NASDAQ:CDXS] saw its stock jump 8.60% to $5.43. Over the last five days, the stock has gained 9.26%. Codexis Inc shares have risen nearly 13.84% since the year began. Nevertheless, the stocks have risen 85.32% over the past one year. While a 52-week high of $6.08 was reached on 01/03/25, a 52-week low of $2.53 was recorded on 01/02/25. SMA at 50 days reached $4.45, while 200 days put it at $3.49.
Levels Of Support And Resistance For CDXS Stock
The 24-hour chart illustrates a support level at 5.19, which if violated will result in even more drops to 4.95. On the upside, there is a resistance level at 5.59. A further resistance level may holdings at 5.74. The Relative Strength Index (RSI) on the 14-day chart is 60.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.70%. Stochastics %K at 31.98% indicates the stock is a holding.
How much short interest is there in Codexis Inc?
A steep rise in short interest was recorded in Codexis Inc stocks on 2024-12-13, growing by 0.22 million shares to a total of 1.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.68 million shares. There was a rise of 11.63%, which implies that there is a positive sentiment for the stock.
