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JP Morgan gives an Underweight recommendation for Seres Therapeutics Inc (MCRB)

Seres Therapeutics Inc’s filing revealed that its insider von Moltke Lisa unloaded Company’s shares for reported $2991.0 on Oct 28 ’24. In the deal valued at $0.69 per share,4,334 shares were sold. As a result of this transaction, von Moltke Lisa now holds 30,423 shares worth roughly $23425.71.

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Then, Henn Matthew R. sold 3,984 shares, generating $2,749 in total proceeds. Upon selling the shares at $0.69, the insider now owns 75,885 shares.

Before that, DesRosier Thomas sold 4,259 shares. Seres Therapeutics Inc shares valued at $2,939 were divested by the Chief Legal Officer and EVP at a price of $0.69 per share. As a result of the transaction, DesRosier Thomas now holds 133,414 shares, worth roughly $0.1 million.

JP Morgan downgraded its Seres Therapeutics Inc [MCRB] rating to an Underweight from a a Neutral in a research note published recently. JP Morgan began covering MCRB with “Neutral” recommendation on April 21, 2023. Goldman revised its rating on July 23, 2021. It rated MCRB as “a Sell” which previously was an “a Neutral”.

Price Performance Review of MCRB

On Tuesday, Seres Therapeutics Inc [NASDAQ:MCRB] saw its stock jump 10.16% to $0.77. Over the last five days, the stock has lost -1.46%. Seres Therapeutics Inc shares have fallen nearly -44.92% since the year began. Nevertheless, the stocks have fallen -44.12% over the past one year. While a 52-week high of $2.05 was reached on 01/09/24, a 52-week low of $0.54 was recorded on 04/19/24. SMA at 50 days reached $0.8843, while 200 days put it at $0.9400.

Levels Of Support And Resistance For MCRB Stock

The 24-hour chart illustrates a support level at 0.7241, which if violated will result in even more drops to 0.6771. On the upside, there is a resistance level at 0.8040. A further resistance level may holdings at 0.8369. The Relative Strength Index (RSI) on the 14-day chart is 43.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0601, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.98%. Stochastics %K at 23.90% indicates the stock is a holding.

How much short interest is there in Seres Therapeutics Inc?

A steep rise in short interest was recorded in Seres Therapeutics Inc stocks on 2024-10-15, growing by 0.84 million shares to a total of 18.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.22 million shares. There was a rise of 4.65%, which implies that there is a positive sentiment for the stock.

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