Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Verona Pharma Plc ADR shares valued at $2,254,320 were sold by ZACCARDELLI DAVID on Sep 11 ’24. At $3.76 per share, ZACCARDELLI DAVID sold 600,000 shares. The insider’s holdings dropped to 15,250,704 shares worth approximately $421.53 million following the completion of this transaction.
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Also, Hahn Mark W sold 600,000 shares, netting a total of over 2,254,080 in proceeds. Following the sale of shares at $3.76 each, the insider now holds 14,339,688 shares.
Before that, MARK HAHN had added 75,000 shares to its account. In a trade valued at $2,103,000, the Officer bought Verona Pharma Plc ADR shares for $28.04 each.
As of August 26, 2022, Piper Sandler has initiated its “an Overweight” rating for VRNA. Earlier on September 13, 2021, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for VRNA stock.
Analyzing VRNA Stock Performance
During the last five days, there has been a drop of approximately -5.99%. Over the course of the year, Verona Pharma Plc ADR shares have jumped approximately 39.03%. Shares of the company reached a 52-week high of $30.73 on 09/12/24 and a 52-week low of $11.39 on 05/30/24. A 50-day SMA is recorded $25.88, while a 200-day SMA reached $18.68. Nevertheless, trading volume fell to 0.6 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for Verona Pharma Plc ADR (VRNA)
According to the 24-hour chart, there is a support level at 27.27, which, if violated, would cause prices to drop to 26.90. In the upper region, resistance lies at 28.36. The next price resistance is at 29.08. RSI (Relative Strength Index) is 48.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.66, which suggests the price will decrease in the coming days. Percent R is at 62.55%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.