Merus N.V’s recent filing unveils that its VP Controller, PAO Shuman Harry unloaded Company’s shares for reported $0.32 million on Jun 04 ’24. In the deal valued at $52.89 per share,6,000 shares were sold. As a result of this transaction, Shuman Harry now holds 7,002 shares worth roughly $0.4 million.
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Then, Shuman Harry sold 115 shares, generating $3,068 in total proceeds. Upon selling the shares at $26.68, the VP Controller, PAO now owns 7,002 shares.
Before that, Silverman Peter B. sold 22,386 shares. Merus N.V shares valued at $559,650 were divested by the COO & GC at a price of $25.00 per share. As a result of the transaction, Silverman Peter B. now holds 0 shares, worth roughly $0.0.
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 jump 7.09% to $57.11. Over the last five days, the stock has gained 13.40%. Merus N.V shares have risen nearly 107.67% since the year began. Nevertheless, the stocks have risen 141.99% over the past one year. While a 52-week high of $61.61 was reached on 05/24/24, a 52-week low of $19.81 was recorded on 01/02/24. SMA at 50 days reached $46.52, while 200 days put it at $34.52. A total of 1.59 million shares were traded, compared to the trading of 0.67 million shares in the previous session.
Levels Of Support And Resistance For MRUS Stock
The 24-hour chart illustrates a support level at 54.51, which if violated will result in even more drops to 51.90. On the upside, there is a resistance level at 58.46. A further resistance level may holdings at 59.80. The Relative Strength Index (RSI) on the 14-day chart is 63.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.62, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.61%. Stochastics %K at 62.01% indicates the stock is a holding.
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.
