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Omeros Corporation [OMER] Investment Guide: What You Need to Know

Omeros Corporation’s recently made public that its Chairman, CEO & President Demopulos Gregory A MD acquired Company’s shares for reported $25200.0 on Nov 17 ’23. In the deal valued at $1.68 per share,15,000 shares were bought. As a result of this transaction, Demopulos Gregory A MD now holds 123,945 shares worth roughly $0.52 million.

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Then, Demopulos Peter A MD bought 10,000 shares, generating $15,300 in total proceeds. Upon buying the shares at $1.53, the Director now owns 208,516 shares.

Before that, Cable Thomas J. sold 5,000 shares. Omeros Corporation shares valued at $32,650 were divested by the Director at a price of $6.53 per share. As a result of the transaction, Cable Thomas J. now holds 35,067 shares, worth roughly $0.15 million.

UBS downgraded its Omeros Corporation [OMER] rating to a Neutral from a a Buy in a research note published on December 08, 2022; the price target was decreased to $2 from $12. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early November from “a Neutral” to “an Underperform”. BofA Securities also remained covering OMER and has decreased its forecast on June 08, 2022 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on October 08, 2021. It rated OMER as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of OMER

On Tuesday, Omeros Corporation [NASDAQ:OMER] saw its stock jump 12.00% to $4.20. Over the last five days, the stock has gained 15.38%. Omeros Corporation shares have risen nearly 28.44% since the year began. Nevertheless, the stocks have fallen -26.44% over the past one year. While a 52-week high of $7.80 was reached on 02/16/24, a 52-week low of $0.92 was recorded on 04/02/24. SMA at 50 days reached $3.56, while 200 days put it at $3.15. A total of 0.51 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For OMER Stock

The 24-hour chart illustrates a support level at 3.92, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 4.34. A further resistance level may holdings at 4.49. The Relative Strength Index (RSI) on the 14-day chart is 69.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.80%. Stochastics %K at 79.49% indicates the stock is a holding.

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