Merus N.V’s recently made public that its VP Controller, PAO Shuman Harry unloaded Company’s shares for reported $3068.0 on Dec 19 ’23. In the deal valued at $26.68 per share,115 shares were sold. As a result of this transaction, Shuman Harry now holds 7,002 shares worth roughly $0.3 million.
Then, Silverman Peter B. sold 22,386 shares, generating $559,650 in total proceeds. Upon selling the shares at $25.00, the COO & GC now owns 0 shares.
Before that, Shuman Harry sold 250 shares. Merus N.V shares valued at $6,110 were divested by the VP Controller, PAO at a price of $24.44 per share. As a result of the transaction, Shuman Harry now holds 7,117 shares, worth roughly $0.3 million.
Truist initiated its Merus N.V [MRUS] rating to a Buy in a research note published on March 28, 2024; the price target was $69. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early March has reiterated a ‘”a Buy”‘ rating for it. Canaccord Genuity began covering MRUS with “Buy” recommendation on November 02, 2023. TD Cowen started covering the stock on August 21, 2023. It rated MRUS as “an Outperform”.
Price Performance Review of MRUS
On Tuesday, Merus N.V [NASDAQ:MRUS] saw its stock fall -2.64% to $42.85. Over the last five days, the stock has lost -5.20%. Merus N.V shares have risen nearly 55.82% since the year began. Nevertheless, the stocks have risen 133.77% over the past one year. While a 52-week high of $52.03 was reached on 03/01/24, a 52-week low of $17.87 was recorded on 01/02/24. SMA at 50 days reached $44.07, while 200 days put it at $29.69. A total of 0.77 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For MRUS Stock
The 24-hour chart illustrates a support level at 42.26, which if violated will result in even more drops to 41.68. On the upside, there is a resistance level at 43.90. A further resistance level may holdings at 44.96. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.53%. Stochastics %K at 10.88% indicates the stock is a buying.
How much short interest is there in Merus N.V?
A steep rise in short interest was recorded in Merus N.V stocks on Mar 15, 2024, dropping by -0.65 million shares to a total of 4.1 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.75 million shares. There was a decline of -15.85%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.17.
The most recent change occurred on August 02, 2022 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.
