Scilex Holding Company’s recently made public that its insider SHAH JAISIM acquired Company’s shares for reported $13800.0 on Dec 18 ’24. In the deal valued at $0.46 per share,30,000 shares were bought. As a result of this transaction, SHAH JAISIM now holds 139,333 shares worth roughly $61306.52.
Then, Ji Henry bought 8,888 shares, generating $8,351 in total proceeds. Upon buying the shares at $0.94, the Executive Chairperson now owns 320,161 shares.
Before that, SHAH JAISIM bought 32,000 shares. Scilex Holding Company shares valued at $31,670 were divested by the insider at a price of $0.99 per share. As a result of the transaction, SHAH JAISIM now holds 109,333 shares, worth roughly $48106.52.
Alliance Global Partners initiated its Scilex Holding Company [SCLX] rating to a Buy in a research note published on October 16, 2024; the price target was $14. A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. B. Riley Securities began covering SCLX with “Buy” recommendation on October 16, 2023. B. Riley Securities started covering the stock on October 13, 2023. It rated SCLX as “a Buy”.
Price Performance Review of SCLX
On Monday, Scilex Holding Company [NASDAQ:SCLX] saw its stock fall -2.51% to $0.44. Over the last five days, the stock has lost -6.56%. Scilex Holding Company shares have risen nearly 3.94% since the year began. Nevertheless, the stocks have fallen -77.62% over the past one year. While a 52-week high of $2.63 was reached on 01/06/25, a 52-week low of $0.38 was recorded on 01/10/25. SMA at 50 days reached $0.6201, while 200 days put it at $1.0821.
Levels Of Support And Resistance For SCLX Stock
The 24-hour chart illustrates a support level at 0.4248, which if violated will result in even more drops to 0.4065. On the upside, there is a resistance level at 0.4772. A further resistance level may holdings at 0.5113. The Relative Strength Index (RSI) on the 14-day chart is 39.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0056, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.19%. Stochastics %K at 51.95% indicates the stock is a holding.
How much short interest is there in Scilex Holding Company?
A steep rise in short interest was recorded in Scilex Holding Company stocks on 2024-12-31, dropping by -1.23 million shares to a total of 4.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.14 million shares. There was a decline of -24.97%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 09, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
