Codexis Inc’s recent filing unveils that its 10% Owner Opaleye Management Inc. acquired Company’s shares for reported $0.15 million on Mar 04 ’25. In the deal valued at $2.64 per share,55,000 shares were bought. As a result of this transaction, Opaleye Management Inc. now holds 8,955,000 shares worth roughly $25.25 million.
Then, Opaleye Management Inc. bought 10,000 shares, generating $26,875 in total proceeds. Upon buying the shares at $2.69, the 10% Owner now owns 8,965,000 shares.
Before that, Opaleye Management Inc. bought 147,649 shares. Codexis Inc shares valued at $441,175 were divested by the 10% Owner at a price of $2.99 per share. As a result of the transaction, Opaleye Management Inc. now holds 8,852,649 shares, worth roughly $24.96 million.
The Benchmark Company downgraded its Codexis Inc [CDXS] rating to a Hold from a a Buy in a research note published recently. Cantor Fitzgerald began covering CDXS with “an Overweight” recommendation on May 30, 2024. The Benchmark Company revised its rating on February 29, 2024. It rated CDXS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CDXS
On Friday, Codexis Inc [NASDAQ:CDXS] saw its stock jump 3.30% to $2.82. Over the last five days, the stock has lost -7.24%. Codexis Inc shares have fallen nearly -40.88% since the year began. Nevertheless, the stocks have fallen -25.00% over the past one year. While a 52-week high of $6.08 was reached on 01/03/25, a 52-week low of $2.47 was recorded on 03/06/25. SMA at 50 days reached $4.36, while 200 days put it at $3.70.
Levels Of Support And Resistance For CDXS Stock
The 24-hour chart illustrates a support level at 2.72, which if violated will result in even more drops to 2.62. On the upside, there is a resistance level at 2.88. A further resistance level may holdings at 2.95. The Relative Strength Index (RSI) on the 14-day chart is 25.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.41%. Stochastics %K at 14.43% indicates the stock is a buying.
