Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cerus Corp shares valued at $35,700 were sold by BJERKHOLT ERIC on Dec 12 ’24. At $1.78 per share, BJERKHOLT ERIC sold 20,000 shares. The insider’s holdings dropped to 162,133 shares worth approximately $0.25 million following the completion of this transaction.
Also, Jensen Chrystal sold 16,667 shares, netting a total of over 28,501 in proceeds. Following the sale of shares at $1.71 each, the insider now holds 457,578 shares.
Before that, CHRYSTAL NIKOLE JENSEN had added 16,667 shares to its account. In a trade valued at $28,626, the Officer bought Cerus Corp shares for $1.72 each.
As published in their initiating research note from Craig Hallum on April 12, 2024, Cerus Corp [CERS] has been a Buy and the price target has been revised to $5. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of January 17, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for CERS.
Analyzing CERS Stock Performance
During the last five days, there has been a drop of approximately -2.53%. Over the course of the year, Cerus Corp shares have dropped approximately -28.70%. Shares of the company reached a 52-week high of $2.5850 on 03/07/24 and a 52-week low of $1.3750 on 10/17/24. A 50-day SMA is recorded $1.7126, while a 200-day SMA reached $1.8697. Nevertheless, trading volume fell to 1.45 million shares from 1.77 million shares the previous day.
Support And Resistance Levels for Cerus Corp (CERS)
According to the 24-hour chart, there is a support level at 1.5033, which, if violated, would cause prices to drop to 1.4667. In the upper region, resistance lies at 1.5733. The next price resistance is at 1.6067. RSI (Relative Strength Index) is 38.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0929, which suggests the price will decrease in the coming days. Percent R is at 88.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
