Veru Inc’s recently made public that its Chief Corporate Officer FISCH HARRY acquired Company’s shares for reported $5000.0 on May 24 ’24. In the deal valued at $1.25 per share,4,000 shares were bought. As a result of this transaction, FISCH HARRY now holds 774,736 shares worth roughly $0.63 million.
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Then, BARNETTE K GARY bought 5,000 shares, generating $6,696 in total proceeds. Upon buying the shares at $1.34, the Chief Scientific Officer now owns 5,000 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 $5.62 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 Monday, Veru Inc [NASDAQ:VERU] saw its stock fall -1.66% to $0.81. Over the last five days, the stock has lost -6.60%. Veru Inc shares have risen nearly 12.83% since the year began. Nevertheless, the stocks have fallen -19.56% 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 $0.8741, while 200 days put it at $0.8572.
Levels Of Support And Resistance For VERU Stock
The 24-hour chart illustrates a support level at 0.7914, which if violated will result in even more drops to 0.7704. On the upside, there is a resistance level at 0.8400. A further resistance level may holdings at 0.8676. The Relative Strength Index (RSI) on the 14-day chart is 42.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0252, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.61%. Stochastics %K at 35.30% indicates the stock is a holding.
How much short interest is there in Veru Inc?
A steep rise in short interest was recorded in Veru Inc stocks on 2024-08-30, dropping by -0.24 million shares to a total of 13.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.37 million shares. There was a decline of -1.82%, which implies that there is a negative sentiment for the stock.
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.
