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Wells Fargo Upgrades Ventyx Biosciences Inc (VTYX) to an Overweight from an Equal weight

Ventyx Biosciences Inc’s filing revealed that its CHIEF SCIENTIFIC OFFICER Nuss John unloaded Company’s shares for reported $2019.0 on Apr 02 ’25. In the deal valued at $1.07 per share,1,887 shares were sold. As a result of this transaction, Nuss John now holds 467,226 shares worth roughly $0.65 million.

Then, Nuss John sold 21,119 shares, generating $49,841 in total proceeds. Upon selling the shares at $2.36, the CHIEF SCIENTIFIC OFFICER now owns 464,582 shares.

Before that, Nuss John bought 21,119 shares. Ventyx Biosciences Inc shares valued at $49,842 were divested by the Officer at a price of $2.36 per share.

Wells Fargo upgraded its Ventyx Biosciences Inc [VTYX] rating to an Overweight from a an Equal weight in a research note published on March 12, 2024; the price target was increased to $16 from $7. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who increased its forecast for the stock in mid March from “a Perform” to “an Outperform”. Wells Fargo also remained covering VTYX and has decreased its forecast on November 07, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Stifel revised its rating on November 07, 2023. It rated VTYX as “a Hold” which previously was an “a Buy”.

Price Performance Review of VTYX

On Friday, Ventyx Biosciences Inc [NASDAQ:VTYX] saw its stock jump 15.70% to $1.40. Over the last five days, the stock has gained 12.90%. Ventyx Biosciences Inc shares have fallen nearly -36.07% since the year began. Nevertheless, the stocks have fallen -66.43% over the past one year. While a 52-week high of $5.66 was reached on 01/07/25, a 52-week low of $0.78 was recorded on 04/07/25. SMA at 50 days reached $1.2181, while 200 days put it at $1.8957.

Levels Of Support And Resistance For VTYX Stock

The 24-hour chart illustrates a support level at 1.2633, which if violated will result in even more drops to 1.1267. On the upside, there is a resistance level at 1.4733. A further resistance level may holdings at 1.5467. The Relative Strength Index (RSI) on the 14-day chart is 60.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0117, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.60%. Stochastics %K at 49.61% indicates the stock is a holding.

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