Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cerus Corp shares valued at $2,932 were purchased by Gregory Dean A. on Dec 13 ’24. At $1.70 per share, Gregory Dean A. acquired 1,725 shares. The insider’s holdings grew to 61,725 shares worth approximately $0.11 million following the completion of this transaction.
Also, BJERKHOLT ERIC sold 20,000 shares, netting a total of over 35,700 in proceeds. Following the sale of shares at $1.78 each, the insider now holds 162,133 shares.
Before that, Jensen Chrystal had sold 16,667 shares from its account. In a trade valued at $28,501, the Chief Legal Officer traded Cerus Corp shares for $1.71 each. Upon closing the transaction, the insider’s holdings decreased to 16,667 shares, worth approximately $0.85 million.
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 surge of approximately 12.80%. Over the course of the year, Cerus Corp shares have jumped approximately 20.13%. Shares of the company reached a 52-week high of $1.8850 on 01/15/25 and a 52-week low of $1.5100 on 01/13/25. A 50-day SMA is recorded $1.7150, while a 200-day SMA reached $1.8607. Nevertheless, trading volume fell to 2.33 million shares from 1.83 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 1.7783, which, if violated, would cause prices to drop to 1.7067. In the upper region, resistance lies at 1.9033. The next price resistance is at 1.9567. RSI (Relative Strength Index) is 62.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1114, which suggests the price will decrease in the coming days. Percent R is at 9.09%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
