Potential Price Increase for Coherus Oncology Inc (CHRS) After Recent Insider Activity

Coherus Oncology Inc’s filing revealed that its Director Wahlstrom Mats unloaded Company’s shares for reported $73881.0 on May 23 ’25. In the deal valued at $0.74 per share,99,988 shares were sold. As a result of this transaction, Wahlstrom Mats now holds 0 shares worth roughly $0.0.

UBS downgraded its Coherus Oncology Inc [CHRS] rating to a Neutral from a a Buy in a research note published on August 16, 2024; the price target was decreased to $1.50 from $4. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. Maxim Group also remained covering CHRS and has decreased its forecast on November 08, 2023 with a “Hold” recommendation from previously “Buy” rating. Citigroup started covering the stock on July 24, 2023. It rated CHRS as “a Buy”.

Price Performance Review of CHRS

On Monday, Coherus Oncology Inc [NASDAQ:CHRS] saw its stock fall -1.67% to $0.77. Over the last five days, the stock has gained 1.31%. Coherus Oncology Inc shares have fallen nearly -44.49% since the year began. Nevertheless, the stocks have fallen -58.37% over the past one year. While a 52-week high of $2.43 was reached on 01/06/25, a 52-week low of $0.66 was recorded on 05/15/25. SMA at 50 days reached $0.9033, while 200 days put it at $1.1036.

Levels Of Support And Resistance For CHRS Stock

The 24-hour chart illustrates a support level at 0.7474, which if violated will result in even more drops to 0.7287. On the upside, there is a resistance level at 0.7873. A further resistance level may holdings at 0.8085. The Relative Strength Index (RSI) on the 14-day chart is 39.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0027, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.55%. Stochastics %K at 23.82% indicates the stock is a holding.

The most recent change occurred on May 01, 2023 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $24 price target.

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Knox Daily
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.