Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Veru Inc shares valued at $5,000 were purchased by FISCH HARRY on May 24 ’24. At $1.25 per share, FISCH HARRY acquired 4,000 shares. The insider’s holdings grew to 774,736 shares worth approximately $0.49 million following the completion of this transaction.
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Also, BARNETTE K GARY purchased 5,000 shares, netting a total of over 6,696 in proceeds. Following the buying of shares at $1.34 each, the insider now holds 5,000 shares.
Before that, STEINER MITCHELL SHUSTER had sold 63,379 shares from its account. In a trade valued at $78,102, the President and CEO traded Veru Inc shares for $1.23 each. Upon closing the transaction, the insider’s holdings decreased to 63,379 shares, worth approximately $4.37 million.
As published in their initiating research note from B. Riley Securities on May 14, 2024, Veru Inc [VERU] has been a Buy and the price target has been revised to $5. Analysts at Raymond James started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of June 07, 2023, Jefferies has increased its “an Underperform” rating to a “Hold” for VERU. Earlier on April 13, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for VERU stock.
Analyzing VERU Stock Performance
During the last five days, there has been a surge of approximately 1.61%. Over the course of the year, Veru Inc shares have dropped approximately -13.15%. Shares of the company reached a 52-week high of $1.9200 on 04/11/24 and a 52-week low of $0.3600 on 01/22/24. A 50-day SMA is recorded $0.7805, while a 200-day SMA reached $0.8852. Nevertheless, trading volume fell to 0.61 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Veru Inc (VERU)
According to the 24-hour chart, there is a support level at 0.6111, which, if violated, would cause prices to drop to 0.5970. In the upper region, resistance lies at 0.6397. The next price resistance is at 0.6542. RSI (Relative Strength Index) is 34.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0643, which suggests the price will decrease in the coming days. Percent R is at 80.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Veru Inc (VERU)?
On February 09, 2021, H.C. Wainwright assigned a price target of “a Buy” to the stock and reiterated coverage with a $17.
