Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Xencor Inc shares valued at $359,525 were sold by Montgomery Alan Bruce on Dec 02 ’24. At $27.03 per share, Montgomery Alan Bruce sold 13,301 shares. The insider’s holdings dropped to 9,140 shares worth approximately $0.17 million following the completion of this transaction.
Also, Montgomery Alan Bruce sold 1,421 shares, netting a total of over 38,406 in proceeds. Following the sale of shares at $27.03 each, the insider now holds 9,140 shares.
Before that, Montgomery Alan Bruce had added 1,421 shares to its account. In a trade valued at $38,406, the Director bought Xencor Inc shares for $27.03 each.
As published in their initiating research note from Wells Fargo on December 12, 2024, Xencor Inc [XNCR] has been an Overweight and the price target has been revised to $37. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early December. As of April 16, 2024, BTIG Research has reiterated its “Buy” rating for XNCR. Earlier on February 28, 2024, Piper Sandler downgraded its rating. Their new recommendation was “a Neutral” for XNCR stock which previously was a “an Overweight”.
Analyzing XNCR Stock Performance
During the last five days, there has been a drop of approximately -9.58%. Over the course of the year, Xencor Inc shares have dropped approximately -19.50%. Shares of the company reached a 52-week high of $24.66 on 01/06/25 and a 52-week low of $18.49 on 01/30/25. A 50-day SMA is recorded $23.23, while a 200-day SMA reached $21.04. Nevertheless, trading volume fell to 0.54 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Xencor Inc (XNCR)
According to the 24-hour chart, there is a support level at 18.25, which, if violated, would cause prices to drop to 17.99. In the upper region, resistance lies at 19.00. The next price resistance is at 19.49. RSI (Relative Strength Index) is 31.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 99.77%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
