Lexicon Pharmaceuticals Inc’s filing revealed that its Former Affiliate COATS LONNEL acquired Company’s shares for reported $0.48 million on Aug 15 ’24. In the deal valued at $1.60 per share,300,000 shares were bought.
H.C. Wainwright initiated its Lexicon Pharmaceuticals Inc [LXRX] rating to a Buy in a research note published on June 17, 2024; the price target was $10. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Jefferies began covering LXRX with “Hold” recommendation on March 07, 2023. Piper Sandler started covering the stock on August 12, 2022. It rated LXRX as “an Overweight”.
Price Performance Review of LXRX
On Tuesday, Lexicon Pharmaceuticals Inc [NASDAQ:LXRX] saw its stock jump 1.71% to $0.93. Over the last five days, the stock has gained 29.22%. Lexicon Pharmaceuticals Inc shares have risen nearly 25.92% since the year began. Nevertheless, the stocks have fallen -41.88% over the past one year. While a 52-week high of $3.73 was reached on 01/07/25, a 52-week low of $0.62 was recorded on 01/02/25. SMA at 50 days reached $0.9821, while 200 days put it at $1.5984.
Levels Of Support And Resistance For LXRX Stock
The 24-hour chart illustrates a support level at 0.8560, which if violated will result in even more drops to 0.7821. On the upside, there is a resistance level at 0.9758. A further resistance level may holdings at 1.0217. The Relative Strength Index (RSI) on the 14-day chart is 57.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1018, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 5.82%. Stochastics %K at 88.24% indicates the stock is a selling.
How much short interest is there in Lexicon Pharmaceuticals Inc?
A steep rise in short interest was recorded in Lexicon Pharmaceuticals Inc stocks on 2024-12-13, dropping by -0.1 million shares to a total of 31.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 31.38 million shares. There was a decline of -0.32%, which implies that there is a negative sentiment for the stock.
