Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Mereo Biopharma Group Plc ADR shares valued at $253,454 were sold by Scots-Knight Denise on Sep 13 ’24. At $4.22 per share, Scots-Knight Denise sold 60,046 shares. The insider’s holdings dropped to 808,921 shares worth approximately $1.76 million following the completion of this transaction.
Also, Scots-Knight Denise sold 28,611 shares, netting a total of over 127,968 in proceeds. Following the sale of shares at $4.47 each, the insider now holds 868,967 shares.
Before that, Lewicki John A. had sold 10,937 shares from its account. In a trade valued at $46,165, the Chief Scientific Officer traded Mereo Biopharma Group Plc ADR shares for $4.22 each. Upon closing the transaction, the insider’s holdings decreased to 10,937 shares, worth approximately $0.17 million.
As published in their initiating research note from JP Morgan on March 27, 2025, Mereo Biopharma Group Plc ADR [MREO] has been an Overweight and the price target has been revised to $7. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of June 13, 2024, Robert W. Baird has initiated its “an Outperform” rating for MREO.
Analyzing MREO Stock Performance
During the last five days, there has been a drop of approximately -9.92%. Over the course of the year, Mereo Biopharma Group Plc ADR shares have dropped approximately -37.71%.
Support And Resistance Levels for Mereo Biopharma Group Plc ADR (MREO)
According to the 24-hour chart, there is a support level at 2.12, which, if violated, would cause prices to drop to 2.06. In the upper region, resistance lies at 2.27. The next price resistance is at 2.36. RSI (Relative Strength Index) is 41.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 95.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
