Mereo Biopharma Group Plc ADR’s recently made public that its Chief Executive Officer Scots-Knight Denise unloaded Company’s shares for reported $0.25 million on Sep 13 ’24. In the deal valued at $4.22 per share,60,046 shares were sold. As a result of this transaction, Scots-Knight Denise now holds 808,921 shares worth roughly $3.05 million.
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Then, Scots-Knight Denise sold 28,611 shares, generating $127,968 in total proceeds. Upon selling the shares at $4.47, the Chief Executive Officer now owns 868,967 shares.
Before that, Lewicki John A. sold 10,937 shares. Mereo Biopharma Group Plc ADR shares valued at $46,165 were divested by the Chief Scientific Officer at a price of $4.22 per share. As a result of the transaction, Lewicki John A. now holds 78,630 shares, worth roughly $0.3 million.
Jefferies initiated its Mereo Biopharma Group Plc ADR [MREO] rating to a Buy in a research note published on December 06, 2024; the price target was $7. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. Cantor Fitzgerald started covering the stock on August 12, 2022. It rated MREO as “an Overweight”.
Price Performance Review of MREO
On Friday, Mereo Biopharma Group Plc ADR [NASDAQ:MREO] saw its stock jump 8.65% to $3.77. Over the last five days, the stock has gained 4.58%. Mereo Biopharma Group Plc ADR shares have risen nearly 63.20% since the year began. Nevertheless, the stocks have risen 88.50% over the past one year.
Levels Of Support And Resistance For MREO Stock
The 24-hour chart illustrates a support level at 3.64, which if violated will result in even more drops to 3.52. On the upside, there is a resistance level at 3.86. A further resistance level may holdings at 3.96. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.16%. Stochastics %K at 58.82% indicates the stock is a holding.
How much short interest is there in Mereo Biopharma Group Plc ADR?
A steep rise in short interest was recorded in Mereo Biopharma Group Plc ADR stocks on 2024-11-15, growing by 0.48 million shares to a total of 5.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.16 million shares. There was a rise of 8.46%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 05, 2021 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
