In a filing, Exelixis Inc revealed its EVP & General Counsel Hessekiel Jeffrey unloaded Company’s shares for reported $2.2 million on Nov 29 ’24. In the deal valued at $36.67 per share,60,000 shares were sold. As a result of this transaction, Hessekiel Jeffrey now holds 486,059 shares worth roughly $16.28 million.
Then, JEFFREY HESSEKIEL bought 60,000 shares, generating $2,200,230 in total proceeds.
Before that, Haley Patrick J. sold 10,000 shares. Exelixis Inc shares valued at $352,700 were divested by the EVP, Commercial at a price of $35.27 per share. As a result of the transaction, Haley Patrick J. now holds 278,665 shares, worth roughly $9.34 million.
Morgan Stanley upgraded its Exelixis Inc [EXEL] rating to an Overweight from a an Equal-weight in a research note published on January 27, 2025; the price target was increased to $40 from $30. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Perform”. BMO Capital Markets also remained covering EXEL and has decreased its forecast on December 20, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on December 17, 2024. It rated EXEL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EXEL
On Monday, Exelixis Inc [NASDAQ:EXEL] saw its stock jump 0.06% to $33.50. Over the last five days, the stock has gained 1.89%. Exelixis Inc shares have risen nearly 0.60% since the year began. Nevertheless, the stocks have risen 66.01% over the past one year. While a 52-week high of $37.59 was reached on 01/16/25, a 52-week low of $20.01 was recorded on 01/24/25. SMA at 50 days reached $34.48, while 200 days put it at $27.79.
Levels Of Support And Resistance For EXEL Stock
The 24-hour chart illustrates a support level at 33.20, which if violated will result in even more drops to 32.90. On the upside, there is a resistance level at 34.02. A further resistance level may holdings at 34.54. The Relative Strength Index (RSI) on the 14-day chart is 47.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.39%. Stochastics %K at 33.50% indicates the stock is a holding.
How much short interest is there in Exelixis Inc?
A steep rise in short interest was recorded in Exelixis Inc stocks on 2025-01-15, growing by 7.13 million shares to a total of 14.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 7.33 million shares. There was a rise of 49.31%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 16, 2024 when RBC Capital Mkts resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $34.