Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Geron Corp. shares valued at $15,064 were purchased by O’Farrell Elizabeth G. on Aug 24 ’23. At $2.28 per share, O’Farrell Elizabeth G. acquired 6,607 shares. The insider’s holdings grew to 7,407 shares worth approximately $24517.170000000002 following the completion of this transaction.
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Also, O’Farrell Elizabeth G. purchased 6,579 shares, netting a total of over 15,000 in proceeds. Following the buying of shares at $2.28 each, the insider now holds 26,220 shares.
Before that, LAWLIS V BRYAN had sold 35,000 shares from its account. In a trade valued at $105,000, the Director traded Geron Corp. shares for $3.00 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $0.0.
As published in a research note from Needham on March 15, 2024, Geron Corp. [GERN] has been retained to a Buy and the price target has been revised to $5. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of March 28, 2023, Goldman has initiated its “Neutral” rating for GERN. Earlier on October 28, 2022, Wedbush initiated its rating. Their recommendation was “an Outperform” for GERN stock.
Analyzing GERN Stock Performance
During the last five days, there has been a drop of approximately -3.78%. Over the course of the year, Geron Corp. shares have jumped approximately 56.87%. Shares of the company reached a 52-week high of $3.50 on 03/21/24 and a 52-week low of $1.64 on 03/13/24. A 50-day SMA is recorded $2.25, while a 200-day SMA reached $2.36. Nevertheless, trading volume fell to 10.65 million shares from 8.64 million shares the previous day.
Support And Resistance Levels for Geron Corp. (GERN)
According to the 24-hour chart, there is a support level at 3.21, which, if violated, would cause prices to drop to 3.12. In the upper region, resistance lies at 3.37. The next price resistance is at 3.44. RSI (Relative Strength Index) is 67.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 10.22%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Geron Corp. subject to short interest?
Stocks of Geron Corp. saw a sharp rise in short interest on Feb 29, 2024 jumping by 4.22 million shares to 44.91 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 40.69 million shares. A jump of 9.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.16.
