Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veru Inc shares valued at $6,696 were purchased by BARNETTE K GARY on May 24 ’24. At $1.34 per share, BARNETTE K GARY acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $4000.0 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, FISCH HARRY purchased 4,000 shares, netting a total of over 5,000 in proceeds. Following the buying of shares at $1.25 each, the insider now holds 774,736 shares.
Before that, STEINER MITCHELL SHUSTER had sold 63,379 shares from its account. In a trade valued at $78,102, the President and CEO traded Veru Inc shares for $1.23 each. Upon closing the transaction, the insider’s holdings decreased to 63,379 shares, worth approximately $5.55 million.
As published in their initiating research note from B. Riley Securities on May 14, 2024, Veru Inc [VERU] has been a Buy and the price target has been revised to $5. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of June 07, 2023, Jefferies has increased its “an Underperform” rating to a “Hold” for VERU. Earlier on April 13, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for VERU stock.
Analyzing VERU Stock Performance
During the last five days, there has been a surge of approximately 2.56%. Over the course of the year, Veru Inc shares have jumped approximately 11.11%. Shares of the company reached a 52-week high of $1.9200 on 04/11/24 and a 52-week low of $0.3600 on 01/22/24. A 50-day SMA is recorded $1.1674, while a 200-day SMA reached $0.8642. Nevertheless, trading volume fell to 1.32 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Veru Inc (VERU)
According to the 24-hour chart, there is a support level at 0.7681, which, if violated, would cause prices to drop to 0.7363. In the upper region, resistance lies at 0.8459. The next price resistance is at 0.8919. RSI (Relative Strength Index) is 34.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0401, which suggests the price will decrease in the coming days. Percent R is at 75.56%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Veru Inc (VERU)?
On February 09, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $17.
