Verona Pharma Plc ADR’s filing revealed that its President and CEO ZACCARDELLI DAVID unloaded Company’s shares for reported $2.25 million on Sep 11 ’24. In the deal valued at $3.76 per share,600,000 shares were sold. As a result of this transaction, ZACCARDELLI DAVID now holds 15,250,704 shares worth roughly $-522.49 million.
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Then, Hahn Mark W sold 600,000 shares, generating $2,254,080 in total proceeds. Upon selling the shares at $3.76, the Chief Financial Officer now owns 14,339,688 shares.
Before that, MARK HAHN bought 75,000 shares. Verona Pharma Plc ADR shares valued at $2,103,000 were divested by the Officer at a price of $28.04 per share.
Wells Fargo initiated its Verona Pharma Plc ADR [VRNA] rating to an Overweight in a research note published on October 03, 2024; the price target was $50. Piper Sandler started covering the stock on August 26, 2022. It rated VRNA as “an Overweight”.
Price Performance Review of VRNA
On Monday, Verona Pharma Plc ADR [NASDAQ:VRNA] saw its stock jump 4.85% to $34.26. Over the last five days, the stock has gained 6.90%. Verona Pharma Plc ADR shares have risen nearly 72.33% since the year began. Nevertheless, the stocks have risen 151.73% over the past one year. While a 52-week high of $32.96 was reached on 10/14/24, a 52-week low of $11.39 was recorded on 05/30/24. SMA at 50 days reached $27.97, while 200 days put it at $19.52.
Levels Of Support And Resistance For VRNA Stock
The 24-hour chart illustrates a support level at 32.94, which if violated will result in even more drops to 31.63. On the upside, there is a resistance level at 35.13. A further resistance level may holdings at 36.01. The Relative Strength Index (RSI) on the 14-day chart is 74.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.01%. Stochastics %K at 86.82% indicates the stock is a selling.
How much short interest is there in Verona Pharma Plc ADR?
A steep rise in short interest was recorded in Verona Pharma Plc ADR stocks on 2024-09-30, dropping by -1.0 million shares to a total of 8.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.01 million shares. There was a decline of -12.45%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 13, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
