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Insider Sale Alert: Seres Therapeutics Inc [MCRB] – Is it Time to sell?

In a filing, Seres Therapeutics Inc revealed its CEO and President Shaff Eric D. unloaded Company’s shares for reported $2289.0 on May 15 ’24. In the deal valued at $0.94 per share,2,435 shares were sold. As a result of this transaction, Shaff Eric D. now holds 140,698 shares worth roughly $0.13 million.

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Then, Ege David S. sold 1,090 shares, generating $1,025 in total proceeds. Upon selling the shares at $0.94, the insider now owns 75,734 shares.

Before that, von Moltke Lisa sold 939 shares. Seres Therapeutics Inc shares valued at $883 were divested by the insider at a price of $0.94 per share. As a result of the transaction, von Moltke Lisa now holds 19,017 shares, worth roughly $17305.47.

A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late April with a ‘”a Neutral”‘ rating. Goldman also remained covering MCRB and has decreased its forecast on July 23, 2021 with a “Sell” recommendation from previously “Neutral” rating.

Price Performance Review of MCRB

On Tuesday, Seres Therapeutics Inc [NASDAQ:MCRB] saw its stock fall -4.10% to $0.91. Over the last five days, the stock has gained 1.58%. Seres Therapeutics Inc shares have fallen nearly -34.99% since the year began. Nevertheless, the stocks have fallen -81.16% over the past one year. While a 52-week high of $6.26 was reached on 01/09/24, a 52-week low of $0.54 was recorded on 04/19/24. SMA at 50 days reached $0.8194, while 200 days put it at $1.5353. A total of 1.66 million shares were traded, compared to the trading of 2.06 million shares in the previous session.

Levels Of Support And Resistance For MCRB Stock

The 24-hour chart illustrates a support level at 0.8818, which if violated will result in even more drops to 0.8535. On the upside, there is a resistance level at 0.9567. A further resistance level may holdings at 1.0033. The Relative Strength Index (RSI) on the 14-day chart is 50.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0659, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.21%. Stochastics %K at 38.61% indicates the stock is a holding.

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