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Recent Insider Activity Could Benefit Cerevel Therapeutics Holdings Inc (CERE)

In a filing, Cerevel Therapeutics Holdings Inc revealed its Director COLES N ANTHONY unloaded Company’s shares for reported $2.11 million on May 10 ’24. In the deal valued at $42.10 per share,50,000 shares were sold. As a result of this transaction, COLES N ANTHONY now holds 15,638 shares worth roughly $0.66 million.

Then, COLES N ANTHONY sold 50,000 shares, generating $2,116,640 in total proceeds. Upon selling the shares at $42.33, the Director now owns 15,638 shares.

Before that, COLES N ANTHONY sold 50,000 shares. Cerevel Therapeutics Holdings Inc shares valued at $2,050,550 were divested by the Director at a price of $41.01 per share. As a result of the transaction, COLES N ANTHONY now holds 15,638 shares, worth roughly $0.66 million.

TD Cowen downgraded its Cerevel Therapeutics Holdings Inc [CERE] rating to a Market perform from a an Outperform in a research note published recently. Piper Sandler began covering CERE with “an Overweight” recommendation on September 28, 2023. BofA Securities revised its rating on August 03, 2023. It rated CERE as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CERE

On Tuesday, Cerevel Therapeutics Holdings Inc [NASDAQ:CERE] saw its stock jump 0.43% to $42.24. Over the last five days, the stock has lost -0.05%. Cerevel Therapeutics Holdings Inc shares have fallen nearly -0.38% since the year began. Nevertheless, the stocks have risen 32.29% over the past one year. While a 52-week high of $43.59 was reached on 02/15/24, a 52-week low of $19.59 was recorded on 02/22/24. SMA at 50 days reached $42.12, while 200 days put it at $33.62. A total of 0.61 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For CERE Stock

The 24-hour chart illustrates a support level at 42.03, which if violated will result in even more drops to 41.81. On the upside, there is a resistance level at 42.38. A further resistance level may holdings at 42.51. The Relative Strength Index (RSI) on the 14-day chart is 50.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.26%. Stochastics %K at 33.64% indicates the stock is a holding.

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