Cerus Corp.’s filing revealed that its President and CEO Greenman William Mariner unloaded Company’s shares for reported $0.13 million on Mar 14 ’24. In the deal valued at $2.02 per share,63,611 shares were sold. As a result of this transaction, Greenman William Mariner now holds 3,181,281 shares worth roughly $5.95 million.
Then, Jayaraman Vivek K sold 26,794 shares, generating $52,902 in total proceeds. Upon selling the shares at $1.97, the Chief Operating Officer now owns 878,653 shares.
Before that, Green Kevin Dennis sold 21,497 shares. Cerus Corp. shares valued at $42,444 were divested by the Chief Financial Officer at a price of $1.97 per share. As a result of the transaction, Green Kevin Dennis now holds 618,750 shares, worth roughly $1.16 million.
BTIG Research downgraded its Cerus Corp. [CERS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”.
Price Performance Review of CERS
On Tuesday, Cerus Corp. [NASDAQ:CERS] saw its stock fall -1.58% to $1.87. Over the last five days, the stock has gained 6.25%. Cerus Corp. shares have fallen nearly -13.43% since the year began. Nevertheless, the stocks have fallen -34.84% over the past one year. While a 52-week high of $3.08 was reached on 03/07/24, a 52-week low of $1.21 was recorded on 01/16/24. SMA at 50 days reached $2.0713, while 200 days put it at $1.9330. A total of 0.34 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For CERS Stock
The 24-hour chart illustrates a support level at 1.8233, which if violated will result in even more drops to 1.7767. On the upside, there is a resistance level at 1.9433. A further resistance level may holdings at 2.0167. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0286, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.44%. Stochastics %K at 44.58% indicates the stock is a holding.
How much short interest is there in Cerus Corp.?
A steep rise in short interest was recorded in Cerus Corp. stocks on Mar 28, 2024, growing by 1.38 million shares to a total of 5.88 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 4.5 million shares. There was a rise of 23.47%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.31.
The most recent change occurred on February 26, 2020 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $7 price target.
