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Berenberg gives a Hold recommendation for Moderna Inc (MRNA)

In a filing, Moderna Inc revealed its Chief Legal Officer Klinger Shannon Thyme unloaded Company’s shares for reported $4849.0 on Dec 03 ’24. In the deal valued at $43.30 per share,112 shares were sold. As a result of this transaction, Klinger Shannon Thyme now holds 19,837 shares worth roughly $0.88 million.

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Then, Hoge Stephen sold 314 shares, generating $13,595 in total proceeds. Upon selling the shares at $43.30, the President now owns 1,443,904 shares.

Before that, Klinger Shannon Thyme bought 112 shares. Moderna Inc shares valued at $4,849 were divested by the Officer at a price of $43.30 per share.

Berenberg initiated its Moderna Inc [MRNA] rating to a Hold in a research note published on November 19, 2024; the price target was $42. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Wolfe Research began covering MRNA with “an Underperform” recommendation on November 15, 2024. Bernstein started covering the stock on October 17, 2024. It rated MRNA as “a Mkt perform”.

Price Performance Review of MRNA

On Friday, Moderna Inc [NASDAQ:MRNA] saw its stock jump 3.49% to $44.44. Over the last five days, the stock has gained 3.20%. Moderna Inc shares have fallen nearly -55.31% since the year began. Nevertheless, the stocks have fallen -44.86% over the past one year. While a 52-week high of $170.47 was reached on 05/24/24, a 52-week low of $35.80 was recorded on 11/15/24. SMA at 50 days reached $50.71, while 200 days put it at $94.04.

Levels Of Support And Resistance For MRNA Stock

The 24-hour chart illustrates a support level at 42.86, which if violated will result in even more drops to 41.28. On the upside, there is a resistance level at 46.32. A further resistance level may holdings at 48.20. The Relative Strength Index (RSI) on the 14-day chart is 47.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.50, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.45%. Stochastics %K at 67.69% indicates the stock is a holding.

How much short interest is there in Moderna Inc?

A steep rise in short interest was recorded in Moderna Inc stocks on 2024-11-15, growing by 6.6 million shares to a total of 39.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 33.26 million shares. There was a rise of 16.56%, which implies that there is a positive sentiment for the stock.

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