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 $618,761 were sold by Hahn Mark W on Oct 24 ’24. At $4.38 per share, Hahn Mark W sold 141,360 shares. The insider’s holdings dropped to 13,672,560 shares worth approximately $463.91 million following the completion of this transaction.
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Also, Hahn Mark W sold 3,200 shares, netting a total of over 14,000 in proceeds. Following the sale of shares at $4.38 each, the insider now holds 13,669,360 shares.
Before that, ZACCARDELLI DAVID had sold 140,000 shares from its account. In a trade valued at $612,822, the President and CEO traded Verona Pharma Plc ADR shares for $4.38 each. Upon closing the transaction, the insider’s holdings decreased to 140,000 shares, worth approximately $495.26 million.
As published in their initiating research note from Wells Fargo on October 03, 2024, Verona Pharma Plc ADR [VRNA] has been an Overweight and the price target has been revised to $50. Earlier on August 26, 2022, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for VRNA stock.
Analyzing VRNA Stock Performance
During the last five days, there has been a drop of approximately -1.45%. Over the course of the year, Verona Pharma Plc ADR shares have jumped approximately 70.67%. Shares of the company reached a 52-week high of $35.62 on 10/22/24 and a 52-week low of $11.39 on 05/30/24. A 50-day SMA is recorded $30.44, while a 200-day SMA reached $20.50. Nevertheless, trading volume fell to 0.62 million shares from 1.37 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 33.38, which, if violated, would cause prices to drop to 32.84. In the upper region, resistance lies at 34.40. The next price resistance is at 34.88. RSI (Relative Strength Index) is 60.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 54.17%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Verona Pharma Plc ADR (VRNA)?
On September 13, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $25.
