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Wells Fargo downgrades Exelixis Inc (EXEL) stock to an Equal weight

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Exelixis Inc’s filing revealed that its Director POSTE GEORGE unloaded Company’s shares for reported $0.95 million on May 16 ’25. In the deal valued at $45.99 per share,20,634 shares were sold. As a result of this transaction, POSTE GEORGE now holds 169,020 shares worth roughly $7.67 million.

Then, Senner Christopher J. sold 100,000 shares, generating $4,600,000 in total proceeds. Upon selling the shares at $46.00, the EVP and CFO now owns 967,842 shares.

Before that, PAPADOPOULOS STELIOS sold 36,508 shares. Exelixis Inc shares valued at $1,619,130 were divested by the Director at a price of $44.35 per share. As a result of the transaction, PAPADOPOULOS STELIOS now holds 1,279,416 shares, worth roughly $58.09 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 fall -1.86% to $45.40. Over the last five days, the stock has gained 25.52%. Exelixis Inc shares have risen nearly 36.34% since the year began. Nevertheless, the stocks have risen 116.29% over the past one year. While a 52-week high of $48.85 was reached on 05/15/25, a 52-week low of $20.14 was recorded on 01/24/25. SMA at 50 days reached $37.41, while 200 days put it at $32.85.

Levels Of Support And Resistance For EXEL Stock

The 24-hour chart illustrates a support level at 44.79, which if violated will result in even more drops to 44.17. On the upside, there is a resistance level at 46.26. A further resistance level may holdings at 47.11. The Relative Strength Index (RSI) on the 14-day chart is 73.08, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.73%. Stochastics %K at 83.51% indicates the stock is a selling.

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