Cerus Corp.’s recent filing unveils that its Chief Financial Officer Green Kevin Dennis unloaded Company’s shares for reported $0.12 million on Sep 04 ’24. In the deal valued at $2.15 per share,54,272 shares were sold. As a result of this transaction, Green Kevin Dennis now holds 536,093 shares worth roughly $1.1 million.
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Then, Green Kevin Dennis sold 28,385 shares, generating $61,919 in total proceeds. Upon selling the shares at $2.18, the Chief Financial Officer now owns 590,365 shares.
Before that, KEVIN D GREEN bought 54,272 shares. Cerus Corp. shares valued at $116,826 were divested by the Officer at a price of $2.15 per share.
Craig Hallum initiated its Cerus Corp. [CERS] rating to a Buy in a research note published on April 12, 2024; the price target was $5. A number of analysts have revised their coverage, including BTIG Research’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Neutral”. Stephens also remained covering CERS and has decreased its forecast on January 17, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of CERS
On Tuesday, Cerus Corp. [NASDAQ:CERS] saw its stock jump 1.49% to $2.05. Over the last five days, the stock has lost -6.39%. Cerus Corp. shares have fallen nearly -5.09% since the year began. Nevertheless, the stocks have risen 25.00% over the past one year. While a 52-week high of $2.59 was reached on 03/07/24, a 52-week low of $1.21 was recorded on 01/16/24. SMA at 50 days reached $2.16, while 200 days put it at $1.97.
Levels Of Support And Resistance For CERS Stock
The 24-hour chart illustrates a support level at 2.00, which if violated will result in even more drops to 1.94. On the upside, there is a resistance level at 2.08. A further resistance level may holdings at 2.10. The Relative Strength Index (RSI) on the 14-day chart is 43.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.95%. Stochastics %K at 14.29% indicates the stock is a buying.
How much short interest is there in Cerus Corp.?
A steep rise in short interest was recorded in Cerus Corp. stocks on 2024-08-15, dropping by -0.45 million shares to a total of 6.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.83 million shares. There was a decline of -7.0%, which implies that there is a negative sentiment for the stock.
