In a filing, Mersana Therapeutics Inc revealed its SVP, Chief Development Officer Bala Mohan unloaded Company’s shares for reported $3580.0 on Oct 28 ’24. In the deal valued at $1.90 per share,1,884 shares were sold. As a result of this transaction, Bala Mohan now holds 54,731 shares worth roughly $0.14 million.
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Then, Bala, Mohan bought 1,884 shares, generating $3,843 in total proceeds.
Before that, DeSchuytner Brian sold 8,089 shares. Mersana Therapeutics Inc shares valued at $16,178 were divested by the SVP, COO & CFO at a price of $2.00 per share. As a result of the transaction, DeSchuytner Brian now holds 100,422 shares, worth roughly $0.25 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “a Neutral”. Wedbush also remained covering MRSN and has increased its forecast on February 29, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Guggenheim revised its rating on February 29, 2024. It rated MRSN as “a Buy” which previously was an “a Neutral”.
Price Performance Review of MRSN
On Tuesday, Mersana Therapeutics Inc [NASDAQ:MRSN] saw its stock fall -2.75% to $2.48. Over the last five days, the stock has gained 4.64%. Mersana Therapeutics Inc shares have risen nearly 6.90% since the year began. Nevertheless, the stocks have risen 20.98% over the past one year. While a 52-week high of $6.28 was reached on 03/11/24, a 52-week low of $1.22 was recorded on 08/14/24. SMA at 50 days reached $2.14, while 200 days put it at $2.60.
Levels Of Support And Resistance For MRSN Stock
The 24-hour chart illustrates a support level at 2.35, which if violated will result in even more drops to 2.21. On the upside, there is a resistance level at 2.64. A further resistance level may holdings at 2.79. The Relative Strength Index (RSI) on the 14-day chart is 58.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.41%. Stochastics %K at 75.90% indicates the stock is a holding.
How much short interest is there in Mersana Therapeutics Inc?
A steep rise in short interest was recorded in Mersana Therapeutics Inc stocks on 2024-11-29, dropping by -1.12 million shares to a total of 8.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.87 million shares. There was a decline of -12.8%, which implies that there is a negative sentiment for the stock.
