Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Mereo Biopharma Group Plc ADR shares valued at $466,210 were sold by PAKIANATHAN DEEPIKA on Aug 22 ’24. At $4.43 per share, PAKIANATHAN DEEPIKA sold 105,244 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Deepika Pakianathan purchased 105,244 shares, netting a total of over 466,210 in proceeds.
Before that, Sermon Charles had sold 32,187 shares from its account. In a trade valued at $109,217, the General Counsel traded Mereo Biopharma Group Plc ADR shares for $3.39 each. Upon closing the transaction, the insider’s holdings decreased to 32,187 shares, worth approximately $0.86 million.
As published in their initiating research note from Robert W. Baird on June 13, 2024, Mereo Biopharma Group Plc ADR [MREO] has been an Outperform and the price target has been revised to $8. As of August 12, 2022, Cantor Fitzgerald has initiated its “an Overweight” rating for MREO. Earlier on May 05, 2021, BTIG Research initiated its rating. Their recommendation was “a Buy” for MREO stock.
Analyzing MREO Stock Performance
During the last five days, there has been a surge of approximately 7.13%. Over the course of the year, Mereo Biopharma Group Plc ADR shares have jumped approximately 101.73%. Nevertheless, trading volume fell to 0.33 million shares from 0.52 million shares the previous day.
Support And Resistance Levels for Mereo Biopharma Group Plc ADR (MREO)
According to the 24-hour chart, there is a support level at 4.58, which, if violated, would cause prices to drop to 4.49. In the upper region, resistance lies at 4.73. The next price resistance is at 4.79. RSI (Relative Strength Index) is 59.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 46.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
