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Merus stock hit a 52-week high in November 2024 amid ongoing cancer drug trials and insider selling.
Merus (MRUS) hit a 52-week high of $96.83 on November 27, 2024, closing at $96.77 amid a "Hold" analyst consensus and a $93.56 target price.
The stock, with a $7.34 billion market cap, remains above its 50-day and 200-day moving averages.
Vice President Harry Shuman sold 10,000 shares on November 25–26 at average prices of $95.92 and $96.10, reducing his stake by 13.38% to 11,002 shares, valued at about $1.06 million.
The company, based in the Netherlands, is advancing its bispecific antibody candidate Zenocutuzumab (MCLA-128) in phase 2 trials for metastatic breast and castration-resistant prostate cancer, and phase 1/2 trials for Neuregulin 1-positive solid tumors.
Institutional investors hold 96.14% of shares.
Las acciones de Merus alcanzaron un máximo de 52 semanas en noviembre de 2024 en medio de ensayos de medicamentos para el cáncer en curso y ventas internas.