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Wells Fargo gives an Equal weight recommendation for Exelixis Inc (EXEL)

In a filing, Exelixis Inc revealed its EVP, Commercial Haley Patrick J. unloaded Company’s shares for reported $0.39 million on Mar 03 ’25. In the deal valued at $38.80 per share,10,000 shares were sold. As a result of this transaction, Haley Patrick J. now holds 341,028 shares worth roughly $13.16 million.

Then, PATRICK JOSEPH HALEY bought 10,000 shares, generating $388,000 in total proceeds.

Before that, Smith Julie sold 54,514 shares. Exelixis Inc shares valued at $2,078,619 were divested by the Director at a price of $38.13 per share. As a result of the transaction, Smith Julie now holds 10,778 shares, worth roughly $0.42 million.

Wells Fargo downgraded its Exelixis Inc [EXEL] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in late January from “an Equal-weight” to “an Overweight”. Oppenheimer also remained covering EXEL and has decreased its forecast on January 24, 2025 with a “Perform” recommendation from previously “an Outperform” rating. BMO Capital Markets revised its rating on December 20, 2024. It rated EXEL as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of EXEL

On Friday, Exelixis Inc [NASDAQ:EXEL] saw its stock jump 0.97% to $38.58. Over the last five days, the stock has lost -0.28%. Exelixis Inc shares have risen nearly 15.86% since the year began. Nevertheless, the stocks have risen 73.32% over the past one year. While a 52-week high of $39.30 was reached on 03/03/25, a 52-week low of $20.14 was recorded on 01/24/25. SMA at 50 days reached $34.92, while 200 days put it at $29.08.

Levels Of Support And Resistance For EXEL Stock

The 24-hour chart illustrates a support level at 38.07, which if violated will result in even more drops to 37.55. On the upside, there is a resistance level at 39.05. A further resistance level may holdings at 39.51. The Relative Strength Index (RSI) on the 14-day chart is 67.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.60%. Stochastics %K at 85.25% indicates the stock is a selling.

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