In a filing, Mersana Therapeutics Inc revealed its President, CEO Huber Martin H. Jr. unloaded Company’s shares for reported $88744.0 on Sep 12 ’24. In the deal valued at $1.76 per share,50,423 shares were sold. As a result of this transaction, Huber Martin H. Jr. now holds 116,327 shares worth roughly $0.24 million.
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Then, Huber, Martin H. Jr. bought 50,423 shares, generating $89,249 in total proceeds.
Before that, Protopapas Anna sold 29,399 shares. Mersana Therapeutics Inc shares valued at $79,671 were divested by the Director at a price of $2.71 per share. As a result of the transaction, Protopapas Anna now holds 125,153 shares, worth roughly $0.26 million.
JP Morgan upgraded its Mersana Therapeutics Inc [MRSN] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Wedbush’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. Guggenheim also remained covering MRSN and has increased its forecast on February 29, 2024 with a “Buy” recommendation from previously “Neutral” rating. BTIG Research revised its rating on February 29, 2024. It rated MRSN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MRSN
On Tuesday, Mersana Therapeutics Inc [NASDAQ:MRSN] saw its stock jump 3.55% to $2.04. Over the last five days, the stock has gained 29.11%. Mersana Therapeutics Inc shares have fallen nearly -12.07% since the year began. Nevertheless, the stocks have risen 43.66% over the past one year. While a 52-week high of $6.28 was reached on 03/11/24, a 52-week low of $1.07 was recorded on 08/14/24. SMA at 50 days reached $1.7200, while 200 days put it at $2.8200.
Levels Of Support And Resistance For MRSN Stock
The 24-hour chart illustrates a support level at 1.9100, which if violated will result in even more drops to 1.7900. On the upside, there is a resistance level at 2.1500. A further resistance level may holdings at 2.2600. The Relative Strength Index (RSI) on the 14-day chart is 64.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.4000, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.11%. Stochastics %K at 90.67% indicates the stock is a selling.
How much short interest is there in Mersana Therapeutics Inc?
A steep rise in short interest was recorded in Mersana Therapeutics Inc stocks on 2024-08-30, growing by 1.17 million shares to a total of 10.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.11 million shares. There was a rise of 11.38%, which implies that there is a positive sentiment for the stock.
