Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cerus Corporation shares valued at $51,800 were sold by Menard Chrystal on Aug 15. At $5.18 per share, Menard Chrystal sold 10,000 shares. The insider’s holdings dropped to 164,871 shares worth approximately $0.8 million following the completion of this transaction.
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Also, Benjamin Richard J sold 10,000 shares, netting a total of over 51,194 in proceeds. Following the sale of shares at $5.12 each, the insider now holds 172,665 shares.
Before that, Green Kevin Dennis had sold 57,335 shares from its account. In a trade valued at $285,373, the Chief Financial Officer traded Cerus Corporation shares for $4.98 each. Upon closing the transaction, the insider’s holdings decreased to 57,335 shares, worth approximately $1.09 million.
As of February 26, 2020, BTIG Research has initiated its “Buy” rating for CERS. Earlier on November 13, 2019, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for CERS stock which previously was a “a Neutral”.
Analyzing CERS’s Price Performance
On Wednesday, Cerus Corporation [NASDAQ: CERS] plunged -3.17% to $4.88. The stock’s lowest price that day was $4.88, but it reached a high of $5.02 in the same session. During the last five days, there has been a drop of approximately -10.13%. Over the course of the year, Cerus Corporation shares have dropped approximately -28.34%. Shares of the company reached a 52-week high of $7.01 on 01/04/22 and a 52-week low of $4.34 on 06/16/22. A 50-day SMA is recorded $5.34, while a 200-day SMA reached $5.67. Nevertheless, trading volume fell to 2.46 million shares from 2.29 million shares the previous day.
Support And Resistance Levels for Cerus Corporation (CERS)
According to the 24-hour chart, there is a support level at 4.83, which, if violated, would cause prices to drop to 4.79. In the upper region, resistance lies at 4.97. The next price resistance is at 5.07. RSI (Relative Strength Index) is 37.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Cerus Corporation subject to short interest?
Stocks of Cerus Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -1.12 million shares to 6.7 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.82 million shares. A decline of -16.72% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.97 of the overall float, the days-to-cover ratio (short ratio) decline to 3.97.
Which companies own the most shares of Cerus Corporation (CERS)?
According to ARK Investment Management LLC filings, the company currently owns 17,111,062 shares, which is about 9.67% of the total CERS shares outstanding. The investor’s shares have appreciated by 897,215 from its previous 13-F filing of 16213847.0 shares. With the completion of the sale transaction, Baker Bros. Advisors LP’s stake is now worth $74,051,253. Nikko Asset Management Americas, reduced a -3.29% interest valued at $55.55 million while BlackRock Fund Advisors sold a -10,463 stake. A total of -264,100 shares of Cerus Corporation were sold by PRIMECAP Management Co. during the quarter, and 195,919 were bought by The Vanguard Group, Inc. In its current portfolio, Senvest Management LLC holds 4,670,137 shares valued at $25.22 million.
In terms of Cerus Corporation share price expectations, FactSet research, analysts set an average price target of $9.40 in the next 12 months, up nearly 98.41% from the previous closing price of $5.04. Analysts anticipate Cerus Corporation stock to reach $11.50 by 2022, with the lowest price target being $7.50. In spite of this, 5 analysts ranked Cerus Corporation stock as a Buy at the end of 2022.