Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cerus Corp. shares valued at $4,975 were purchased by Shan Hua on May 13 ’24. At $1.99 per share, Shan Hua acquired 2,500 shares. The insider’s holdings grew to 32,386 shares worth approximately $56675.5 following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, NACHTSHEIM JAMI K purchased 2,000 shares, netting a total of over 3,578 in proceeds. Following the buying of shares at $1.79 each, the insider now holds 108,362 shares.
Before that, Witney Frank had added 20,000 shares to its account. In a trade valued at $37,800, the Director bought Cerus Corp. shares for $1.89 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.32 million.
As published in their initiating research note from Craig Hallum on April 12, 2024, Cerus Corp. [CERS] has been a Buy and the price target has been revised to $5. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 17, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for CERS.
Analyzing CERS Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, Cerus Corp. shares have dropped approximately -18.98%. Shares of the company reached a 52-week high of $2.5850 on 03/07/24 and a 52-week low of $1.5900 on 01/16/24. A 50-day SMA is recorded $1.7876, while a 200-day SMA reached $1.8066. Nevertheless, trading volume fell to 0.56 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Cerus Corp. (CERS)
According to the 24-hour chart, there is a support level at 1.6967, which, if violated, would cause prices to drop to 1.6433. In the upper region, resistance lies at 1.7767. The next price resistance is at 1.8033. RSI (Relative Strength Index) is 48.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0386, which suggests the price will decrease in the coming days. Percent R is at 55.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
