CervoMed Inc’s filing revealed 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 $2812.7400000000002.
H.C. Wainwright downgraded its CervoMed Inc [CRVO] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Underweight”. Chardan Capital Markets also remained covering CRVO and has decreased its forecast on December 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. D. Boral Capital revised its rating on December 10, 2024. It rated CRVO as “a Hold” which previously was an “a Buy”.
Price Performance Review of CRVO
On Tuesday, CervoMed Inc [NASDAQ:CRVO] saw its stock jump 0.45% to $2.22. Over the last five days, the stock has gained 14.43%. CervoMed Inc shares have fallen nearly -70.90% since the year began. Nevertheless, the stocks have fallen -67.09% over the past one year. While a 52-week high of $26.38 was reached on 03/20/24, a 52-week low of $1.80 was recorded on 12/17/24. SMA at 50 days reached $9.56, while 200 days put it at $16.26.
Levels Of Support And Resistance For CRVO Stock
The 24-hour chart illustrates a support level at 2.19, which if violated will result in even more drops to 2.15. On the upside, there is a resistance level at 2.25. A further resistance level may holdings at 2.28. The Relative Strength Index (RSI) on the 14-day chart is 26.40, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.67%. Stochastics %K at 3.33% 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 06, 2024 when ROTH MKM began covering the stock and recommended ‘”a Buy”‘ rating along with a $45 price target.
