Following these proceedings, A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid March from “a Hold” to “a Sell”. Morgan Stanley also remained covering GRFS and has increased its forecast on April 12, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Morgan Stanley revised its rating on March 03, 2023. It rated GRFS as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of GRFS
On Tuesday, Grifols SA ADR [NASDAQ:GRFS] saw its stock jump 2.43% to $7.18. Over the last five days, the stock has gained 2.57%. Grifols SA ADR shares have fallen nearly -3.49% since the year began. Nevertheless, the stocks have risen 9.79% over the past one year. While a 52-week high of $9.96 was reached on 03/06/25, a 52-week low of $5.79 was recorded on 04/09/25. SMA at 50 days reached $7.50, while 200 days put it at $7.96.
Levels Of Support And Resistance For GRFS Stock
The 24-hour chart illustrates a support level at 7.08, which if violated will result in even more drops to 6.99. On the upside, there is a resistance level at 7.25. A further resistance level may holdings at 7.33. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.74%. Stochastics %K at 65.69% indicates the stock is a holding.
How much short interest is there in Grifols SA ADR?
A steep rise in short interest was recorded in Grifols SA ADR stocks on 2025-03-31, dropping by -1.1 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.81 million shares. There was a decline of -40.72%, which implies that there is a negative sentiment for the stock.
