Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Merus N.V shares valued at $3,068 were sold by Shuman Harry on Dec 19 ’23. At $26.68 per share, Shuman Harry sold 115 shares. The insider’s holdings dropped to 7,002 shares worth approximately $0.33 million following the completion of this transaction.
Also, Silverman Peter B. sold 22,386 shares, netting a total of over 559,650 in proceeds. Following the sale of shares at $25.00 each, the insider now holds 0 shares.
Before that, Shuman Harry had sold 250 shares from its account. In a trade valued at $6,110, the VP Controller, PAO traded Merus N.V shares for $24.44 each. Upon closing the transaction, the insider’s holdings decreased to 250 shares, worth approximately $0.34 million.
As published in their initiating research note from Truist on March 28, 2024, Merus N.V [MRUS] has been a Buy and the price target has been revised to $69. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early March. As of November 02, 2023, Canaccord Genuity has initiated its “Buy” rating for MRUS. Earlier on August 21, 2023, TD Cowen initiated its rating. Their recommendation was “an Outperform” for MRUS stock.
Analyzing MRUS Stock Performance
During the last five days, there has been a surge of approximately 0.15%. Over the course of the year, Merus N.V shares have jumped approximately 71.24%. Shares of the company reached a 52-week high of $52.03 on 03/01/24 and a 52-week low of $27.11 on 01/02/24. A 50-day SMA is recorded $45.11, while a 200-day SMA reached $31.53. Nevertheless, trading volume fell to 0.82 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Merus N.V (MRUS)
According to the 24-hour chart, there is a support level at 46.32, which, if violated, would cause prices to drop to 45.54. In the upper region, resistance lies at 48.14. The next price resistance is at 49.18. RSI (Relative Strength Index) is 59.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.79, which suggests the price will increase in the coming days. Percent R is at 23.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
