Xencor Inc’s recent filing unveils that its Director Montgomery Alan Bruce unloaded Company’s shares for reported $0.36 million on Dec 02 ’24. In the deal valued at $27.03 per share,13,301 shares were sold. As a result of this transaction, Montgomery Alan Bruce now holds 9,140 shares worth roughly $0.16 million.
Then, Montgomery Alan Bruce sold 1,421 shares, generating $38,406 in total proceeds. Upon selling the shares at $27.03, the Director now owns 9,140 shares.
Before that, Montgomery Alan Bruce bought 1,421 shares. Xencor Inc shares valued at $38,406 were divested by the Director at a price of $27.03 per share.
Wells Fargo initiated its Xencor Inc [XNCR] rating to an Overweight in a research note published on December 12, 2024; the price target was $37. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “an Overweight”. BTIG Research also remained covering XNCR and reiterated its “Buy” recommendation on April 16, 2024. Piper Sandler revised its rating on February 28, 2024. It rated XNCR as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of XNCR
On Tuesday, Xencor Inc [NASDAQ:XNCR] saw its stock jump 0.79% to $17.76. Over the last five days, the stock has lost -7.98%. Xencor Inc shares have fallen nearly -22.72% since the year began. Nevertheless, the stocks have fallen -6.82% over the past one year. While a 52-week high of $27.24 was reached on 01/06/25, a 52-week low of $15.31 was recorded on 02/04/25. SMA at 50 days reached $22.91, while 200 days put it at $21.02.
Levels Of Support And Resistance For XNCR Stock
The 24-hour chart illustrates a support level at 17.30, which if violated will result in even more drops to 16.84. On the upside, there is a resistance level at 18.26. A further resistance level may holdings at 18.75. The Relative Strength Index (RSI) on the 14-day chart is 28.92, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.40%. Stochastics %K at 6.79% indicates the stock is a buying.
How much short interest is there in Xencor Inc?
A steep rise in short interest was recorded in Xencor Inc stocks on 2025-01-15, growing by 1.1 million shares to a total of 5.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 4.11 million shares. There was a rise of 21.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 19, 2023 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
