In a filing, Innoviva Inc revealed its 10% Owner DENNER ALEXANDER J unloaded Company’s shares for reported $20.96 million on Mar 06 ’25. In the deal valued at $17.52 per share,1,196,746 shares were sold. As a result of this transaction, DENNER ALEXANDER J now holds 5,658,705 shares worth roughly $97.73 million.
Then, DENNER ALEXANDER J sold 270,374 shares, generating $4,766,126 in total proceeds. Upon selling the shares at $17.63, the 10% Owner now owns 6,855,451 shares.
Before that, DENNER ALEXANDER J sold 151,175 shares. Innoviva Inc shares valued at $2,665,079 were divested by the 10% Owner at a price of $17.63 per share. As a result of the transaction, DENNER ALEXANDER J now holds 7,125,825 shares, worth roughly $123.06 million.
Scotiabank initiated its Innoviva Inc [INVA] rating to a Sector outperform in a research note published on March 07, 2025; the price target was $55. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in mid June with a ‘”an Overweight”‘ rating. Goldman began covering INVA with “Neutral” recommendation on July 20, 2022. Deutsche Bank started covering the stock on November 20, 2017. It rated INVA as “a Hold”.
Price Performance Review of INVA
On Friday, Innoviva Inc [NASDAQ:INVA] saw its stock jump 0.35% to $17.27. Over the last five days, the stock has lost -0.69%. Innoviva Inc shares have fallen nearly -0.46% since the year began. Nevertheless, the stocks have risen 18.05% over the past one year. While a 52-week high of $21.28 was reached on 01/27/25, a 52-week low of $14.32 was recorded on 03/13/25. SMA at 50 days reached $17.99, while 200 days put it at $18.34.
Levels Of Support And Resistance For INVA Stock
The 24-hour chart illustrates a support level at 17.12, which if violated will result in even more drops to 16.97. On the upside, there is a resistance level at 17.41. A further resistance level may holdings at 17.55. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.64%. Stochastics %K at 21.24% indicates the stock is a holding.
How much short interest is there in Innoviva Inc?
A steep rise in short interest was recorded in Innoviva Inc stocks on 2025-02-28, growing by 0.49 million shares to a total of 9.3 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 8.81 million shares. There was a rise of 5.26%, which implies that there is a positive sentiment for the stock.
