The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cerus Corp. shares valued at $128,195 were sold by Greenman William Mariner on Mar 14 ’24. At $2.02 per share, Greenman William Mariner sold 63,611 shares. The insider’s holdings dropped to 3,181,281 shares worth approximately $5.22 million following the completion of this transaction.
Also, Jayaraman Vivek K sold 26,794 shares, netting a total of over 52,902 in proceeds. Following the sale of shares at $1.97 each, the insider now holds 878,653 shares.
Before that, Green Kevin Dennis had sold 21,497 shares from its account. In a trade valued at $42,444, the Chief Financial Officer traded Cerus Corp. shares for $1.97 each. Upon closing the transaction, the insider’s holdings decreased to 21,497 shares, worth approximately $1.01 million.
As published in their initiating research note from Craig Hallum on April 12, 2024, Cerus Corp. [CERS] has been a Buy and the price target has been revised to $5. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 17, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for CERS.
Analyzing CERS Stock Performance
During the last five days, there has been a drop of approximately -3.81%. Over the course of the year, Cerus Corp. shares have dropped approximately -24.07%. Shares of the company reached a 52-week high of $2.5850 on 03/07/24 and a 52-week low of $1.5900 on 01/16/24. A 50-day SMA is recorded $2.0435, while a 200-day SMA reached $1.9114. Nevertheless, trading volume fell to 0.75 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Cerus Corp. (CERS)
According to the 24-hour chart, there is a support level at 1.6067, which, if violated, would cause prices to drop to 1.5733. In the upper region, resistance lies at 1.6967. The next price resistance is at 1.7533. RSI (Relative Strength Index) is 36.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1067, which suggests the price will decrease in the coming days. Percent R is at 97.22%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
