Mereo Biopharma Group Plc ADR’s filing revealed that its Director PAKIANATHAN DEEPIKA unloaded Company’s shares for reported $0.47 million on Aug 22 ’24. In the deal valued at $4.43 per share,105,244 shares were sold. As a result of this transaction, PAKIANATHAN DEEPIKA now holds 0 shares worth roughly $0.0.
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Then, Deepika Pakianathan bought 105,244 shares, generating $466,210 in total proceeds.
Before that, Sermon Charles sold 32,187 shares. Mereo Biopharma Group Plc ADR shares valued at $109,217 were divested by the General Counsel at a price of $3.39 per share. As a result of the transaction, Sermon Charles now holds 184,387 shares, worth roughly $0.9 million.
Robert W. Baird initiated its Mereo Biopharma Group Plc ADR [MREO] rating to an Outperform in a research note published on June 13, 2024; the price target was $8. Cantor Fitzgerald began covering MREO with “an Overweight” recommendation on August 12, 2022. BTIG Research started covering the stock on May 05, 2021. It rated MREO as “a Buy”.
Price Performance Review of MREO
On Monday, Mereo Biopharma Group Plc ADR [NASDAQ:MREO] saw its stock jump 0.83% to $4.87. Over the last five days, the stock has gained 8.95%. Mereo Biopharma Group Plc ADR shares have risen nearly 110.82% since the year began. Nevertheless, the stocks have risen 247.86% over the past one year.
Levels Of Support And Resistance For MREO Stock
The 24-hour chart illustrates a support level at 4.75, which if violated will result in even more drops to 4.64. On the upside, there is a resistance level at 4.97. A further resistance level may holdings at 5.07.
How much short interest is there in Mereo Biopharma Group Plc ADR?
A steep rise in short interest was recorded in Mereo Biopharma Group Plc ADR stocks on 2024-07-31, growing by 1.45 million shares to a total of 4.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.92 million shares. There was a rise of 33.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 05, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
