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Taking a Closer Look At Veru Inc (VERU) Following Its Recent Trade

Veru Inc’s recent filing unveils that its Chief Scientific Officer BARNETTE K GARY acquired Company’s shares for reported $6696.0 on May 24 ’24. In the deal valued at $1.34 per share,5,000 shares were bought. As a result of this transaction, BARNETTE K GARY now holds 5,000 shares worth roughly $4750.0.

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Then, FISCH HARRY bought 4,000 shares, generating $5,000 in total proceeds. Upon buying the shares at $1.25, the Chief Corporate Officer now owns 774,736 shares.

Before that, STEINER MITCHELL SHUSTER sold 63,379 shares. Veru Inc shares valued at $78,102 were divested by the President and CEO at a price of $1.23 per share. As a result of the transaction, STEINER MITCHELL SHUSTER now holds 6,942,709 shares, worth roughly $6.6 million.

B. Riley Securities initiated its Veru Inc [VERU] rating to a Buy in a research note published on May 14, 2024; the price target was $5. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late March with a ‘”an Outperform”‘ rating. Jefferies also remained covering VERU and has increased its forecast on June 07, 2023 with a “Hold” recommendation from previously “an Underperform” rating. Jefferies started covering the stock on April 13, 2021. It rated VERU as “a Buy”.

Price Performance Review of VERU

On Friday, Veru Inc [NASDAQ:VERU] saw its stock jump 4.12% to $0.95. Over the last five days, the stock has gained 19.05%. Veru Inc shares have risen nearly 32.28% since the year began. Nevertheless, the stocks have fallen -20.63% over the past one year. While a 52-week high of $1.92 was reached on 04/11/24, a 52-week low of $0.36 was recorded on 01/22/24. SMA at 50 days reached $1.1296, while 200 days put it at $0.8618. A total of 1.21 million shares were traded, compared to the trading of 1.12 million shares in the previous session.

Levels Of Support And Resistance For VERU Stock

The 24-hour chart illustrates a support level at 0.8991, which if violated will result in even more drops to 0.8459. On the upside, there is a resistance level at 0.9824. A further resistance level may holdings at 1.0125. The Relative Strength Index (RSI) on the 14-day chart is 51.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0978, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 15.35%. Stochastics%K at 74.39% indicates the stock is a holding.

The most recent change occurred on February 09, 2021 when H.C. Wainwright resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $17.

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