In a filing, Mereo Biopharma Group Plc ADR revealed its Chief Executive Officer Scots-Knight Denise unloaded Company’s shares for reported $0.25 million on Sep 13 ’24. In the deal valued at $4.22 per share,60,046 shares were sold. As a result of this transaction, Scots-Knight Denise now holds 808,921 shares worth roughly $2.42 million.
Then, Scots-Knight Denise sold 28,611 shares, generating $127,968 in total proceeds. Upon selling the shares at $4.47, the Chief Executive Officer now owns 868,967 shares.
Before that, Lewicki John A. sold 10,937 shares. Mereo Biopharma Group Plc ADR shares valued at $46,165 were divested by the Chief Scientific Officer at a price of $4.22 per share. As a result of the transaction, Lewicki John A. now holds 78,630 shares, worth roughly $0.24 million.
Jefferies initiated its Mereo Biopharma Group Plc ADR [MREO] rating to a Buy in a research note published on December 06, 2024; the price target was $7. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. Cantor Fitzgerald started covering the stock on August 12, 2022. It rated MREO as “an Overweight”.
Price Performance Review of MREO
On Tuesday, Mereo Biopharma Group Plc ADR [NASDAQ:MREO] saw its stock jump 4.55% to $2.99. Over the last five days, the stock has lost -10.48%. Mereo Biopharma Group Plc ADR shares have fallen nearly -14.57% since the year began. Nevertheless, the stocks have risen 0.67% over the past one year.
Levels Of Support And Resistance For MREO Stock
The 24-hour chart illustrates a support level at 2.89, which if violated will result in even more drops to 2.78. On the upside, there is a resistance level at 3.07. A further resistance level may holdings at 3.14. The Relative Strength Index (RSI) on the 14-day chart is 35.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.73%. Stochastics %K at 9.94% indicates the stock is a buying.
How much short interest is there in Mereo Biopharma Group Plc ADR?
A steep rise in short interest was recorded in Mereo Biopharma Group Plc ADR stocks on 2024-12-31, growing by 1.4 million shares to a total of 8.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.63 million shares. There was a rise of 17.45%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 05, 2021 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
