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Merus N.V (MRUS) rating initates by Truist

Merus N.V’s filing revealed 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 $0.31 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 $0.32 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 -0.44% to $44.91. Over the last five days, the stock has gained 10.02%. Merus N.V shares have risen nearly 63.31% since the year began. Nevertheless, the stocks have risen 134.15% over the past one year. While a 52-week high of $52.03 was reached on 03/01/24, a 52-week low of $18.21 was recorded on 01/02/24. SMA at 50 days reached $45.01, while 200 days put it at $30.89. A total of 0.6 million shares were traded, compared to the trading of 0.98 million shares in the previous session.

Levels Of Support And Resistance For MRUS Stock

The 24-hour chart illustrates a support level at 44.13, which if violated will result in even more drops to 43.35. On the upside, there is a resistance level at 45.94. A further resistance level may holdings at 46.97. The Relative Strength Index (RSI) on the 14-day chart is 58.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.51%. Stochastics %K at 85.23% indicates the stock is a selling.

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.

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