Mereo Biopharma Group Plc ADR’s filing revealed that its Officer Alexandra Hughes-Wilson acquired Company’s shares for reported $0.69 million on Sep 12 ’24. In the deal valued at $4.66 per share,148,110 shares were bought.
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Then, Scots-Knight Denise bought 88,657 shares, generating $413,142 in total proceeds.
Before that, Sermon Charles bought 30,926 shares. Mereo Biopharma Group Plc ADR shares valued at $144,115 were divested by the Officer at a price of $4.66 per share.
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 Friday, Mereo Biopharma Group Plc ADR [NASDAQ:MREO] saw its stock fall -2.51% to $4.28. Over the last five days, the stock has lost -0.93%. Mereo Biopharma Group Plc ADR shares have risen nearly 85.28% since the year began. Nevertheless, the stocks have risen 197.22% over the past one year.
Levels Of Support And Resistance For MREO Stock
The 24-hour chart illustrates a support level at 4.05, which if violated will result in even more drops to 3.82. On the upside, there is a resistance level at 4.47. A further resistance level may holdings at 4.66. The Relative Strength Index (RSI) on the 14-day chart is 47.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.28%. Stochastics %K at 33.38% indicates the stock is a holding.
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 2024-08-30, growing by 0.12 million shares to a total of 4.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.37 million shares. There was a rise of 2.74%, 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.
