Geron Corporation [GERN] Investment Guide: What You Need to Know


In a filing, Geron Corporation revealed its Director O’Farrell Elizabeth G. acquired Company’s shares for reported $15064.0 on Aug 24. In the deal valued at $2.28 per share,6,607 shares were bought. As a result of this transaction, O’Farrell Elizabeth G. now holds 7,407 shares worth roughly $ 18073.079999999998.

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Then, O’Farrell Elizabeth G. bought 6,579 shares, generating $15,000 in total proceeds. Upon buying the shares at $2.28, the Director now owns 26,220 shares.

Before that, LAWLIS V BRYAN sold 35,000 shares. Geron Corporation shares valued at $105,000 were divested by the Director at a price of $3.00 per share. As a result of the transaction, LAWLIS V BRYAN now holds 0 shares, worth roughly $0.0.

Goldman initiated its Geron Corporation [GERN] rating to a Neutral in a research note published on Tuesday, March 28, 2023; the price target was $3. PT values the company’s stock at a premium of 18.67 to its Tuesday closing price.

Price Performance Review of GERN

On Tuesday, Geron Corporation [NASDAQ:GERN] saw its stock fall -1.61% to $2.44. On the same session, the stock had its day’s lowest price of $2.43, but rose to a high of $2.535. Geron Corporation shares have risen nearly 0.83% since the year began. Nevertheless, the stocks have fallen -8.96% over the past one year. While a 52-week high of $3.84 was reached on 01/04/23, a 52-week low of $1.95 was recorded on 04/14/23. SMA at 50 days reached $2.92, while 200 days put it at $2.76. A total of 4.53 million shares were traded, compared to the trading of 7.5 million shares in the previous session.

Levels Of Support And Resistance For GERN Stock

The 24-hour chart illustrates a support level at 2.40, which if violated will result in even more drops to 2.36. On the upside, there is a resistance level at 2.51. A further resistance level may holdings at 2.57. The Relative Strength Index (RSI) on the 14-day chart is 39.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.89%. Stochastics %K at 31.93% indicates the stock is a holding.

How much short interest is there in Geron Corporation?

A steep rise in short interest was recorded in Geron Corporation stocks on Aug 14, 2023, growing by 2.0 million shares to a total of 28.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 26.3 million shares. There was a rise of 7.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 8.58.

Geron Corporation [GERN] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 32,139,163 shares, or roughly 6.32% of the outstanding GERN shares. In other words, the investor’s shares have risen by 3,603,471 from its previous 13-F filing of 28535692.0. Over the last quarter, Deep Track Capital LP sold -2,696,513 shares of Geron Corporation, while SSgA Funds Management, Inc. sold -4,279,539 shares. At present, Millennium Management LLC is holding 12,208,289 shares valued at $39.55 million. Wellington Management Co. LLP owned 10,063,133 shares of the company at the time of its most recent 13F filing, worth $32.6 million.

According to FactSet, Geron Corporation’s share price will average $4.83 in the next year, based on opinions of analysts polled by the firm. This is up nearly 101.61 percent from its previous closing price of $2.48. Analysts expect Geron Corporation stock to reach the higher price of $6.00, while the lowest price estimate is $4.00. However, 6 analysts have rated GERN stock as an Overweight in their predictions for 2023.


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