Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mersana Therapeutics Inc shares valued at $2,061 were sold by Mandelia Ashish on Jan 16 ’25. At $0.58 per share, Mandelia Ashish sold 3,554 shares. The insider’s holdings dropped to 57,519 shares worth approximately $30485.070000000003 following the completion of this transaction.
Also, Protopapas Anna sold 8,637 shares, netting a total of over 5,009 in proceeds. Following the sale of shares at $0.58 each, the insider now holds 168,041 shares.
Before that, Lowinger Timothy B had sold 8,048 shares from its account. In a trade valued at $4,668, the SVP, Chief Sci.&Tech. Officer traded Mersana Therapeutics Inc shares for $0.58 each. Upon closing the transaction, the insider’s holdings decreased to 8,048 shares, worth approximately $0.14 million.
Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of February 29, 2024, Wedbush has increased its “Neutral” rating to a “an Outperform” for MRSN. Earlier on February 29, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for MRSN stock which previously was a “a Neutral”.
Analyzing MRSN Stock Performance
During the last five days, there has been a drop of approximately -16.80%. Over the course of the year, Mersana Therapeutics Inc shares have dropped approximately -63.11%. Shares of the company reached a 52-week high of $1.5150 on 01/02/25 and a 52-week low of $0.5189 on 01/22/25. A 50-day SMA is recorded $1.8033, while a 200-day SMA reached $2.1097. Nevertheless, trading volume fell to 8.62 million shares from 11.84 million shares the previous day.
Support And Resistance Levels for Mersana Therapeutics Inc (MRSN)
According to the 24-hour chart, there is a support level at 0.5144, which, if violated, would cause prices to drop to 0.5013. In the upper region, resistance lies at 0.5451. The next price resistance is at 0.5627. RSI (Relative Strength Index) is 18.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.3758, which suggests the price will decrease in the coming days. Percent R is at 99.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
