CervoMed Inc’s recent filing unveils that its CFO & GC ELDER WILLIAM ROBERT acquired Company’s shares for reported $18160.0 on Aug 27 ’24. In the deal valued at $18.16 per share,1,000 shares were bought. As a result of this transaction, ELDER WILLIAM ROBERT now holds 1,267 shares worth roughly $2407.2999999999997.
Morgan Stanley downgraded its CervoMed Inc [CRVO] rating to an Underweight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who decreased its forecast for the stock in mid December from “a Buy” to “a Neutral”. D. Boral Capital also remained covering CRVO and has decreased its forecast on December 10, 2024 with a “Hold” recommendation from previously “Buy” rating. ROTH MKM started covering the stock on December 06, 2024. It rated CRVO as “a Buy”.
Price Performance Review of CRVO
On Friday, CervoMed Inc [NASDAQ:CRVO] saw its stock fall -1.55% to $1.90. Over the last five days, the stock has lost -84.05%. CervoMed Inc shares have fallen nearly -75.10% since the year began. Nevertheless, the stocks have fallen -78.43% over the past one year. While a 52-week high of $26.38 was reached on 03/20/24, a 52-week low of $1.83 was recorded on 12/13/24. SMA at 50 days reached $11.1397, while 200 days put it at $16.7124.
Levels Of Support And Resistance For CRVO Stock
The 24-hour chart illustrates a support level at 1.8233, which if violated will result in even more drops to 1.7467. On the upside, there is a resistance level at 1.9633. A further resistance level may holdings at 2.0267. The Relative Strength Index (RSI) on the 14-day chart is 24.09, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.7223, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.29%. Stochastics %K at 0.63% indicates the stock is a buying.
How much short interest is there in CervoMed Inc?
A steep rise in short interest was recorded in CervoMed Inc stocks on 2024-11-29, growing by 0.43 million shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.48 million shares. There was a rise of 22.6%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 05, 2024 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $42 price target.
