Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Merus N.V shares valued at $135,000 were sold by Shuman Harry on Aug 21 ’24. At $54.00 per share, Shuman Harry sold 2,500 shares. The insider’s holdings dropped to 7,002 shares worth approximately $0.31 million following the completion of this transaction.
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Also, Shuman Harry sold 2,500 shares, netting a total of over 135,000 in proceeds. Following the sale of shares at $54.00 each, the insider now holds 7,002 shares.
Before that, Silverman Peter B. had sold 10,000 shares from its account. In a trade valued at $600,000, the COO & GC traded Merus N.V shares for $60.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $0.0.
As published in their initiating research note from Goldman on November 21, 2024, Merus N.V [MRUS] has been a Buy and the price target has been revised to $73. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of March 28, 2024, Truist has initiated its “Buy” rating for MRUS. Earlier on March 04, 2024, Needham resumed its rating. Their recommendation was “a Buy” for MRUS stock.
Analyzing MRUS Stock Performance
During the last five days, there has been a drop of approximately -10.68%. Over the course of the year, Merus N.V shares have jumped approximately 61.29%. Shares of the company reached a 52-week high of $61.61 on 05/24/24 and a 52-week low of $27.11 on 01/02/24. A 50-day SMA is recorded $50.48, while a 200-day SMA reached $49.66. Nevertheless, trading volume fell to 1.04 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Merus N.V (MRUS)
According to the 24-hour chart, there is a support level at 43.12, which, if violated, would cause prices to drop to 41.88. In the upper region, resistance lies at 45.68. The next price resistance is at 47.00. RSI (Relative Strength Index) is 32.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.83, which suggests the price will decrease in the coming days. Percent R is at 84.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
