MREO Stock Mereo BioPharma Group (MREO, $3.84) soared +22.13% and reached a 3-month high. Expect an Uptrend reversal

A.I.dvisor
at Tickeron.com
06/13/24
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MREO - Mereo BioPharma Group plc
3-month jump
Bearish Trend
Odds of DOWN Trend

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Price: $3.84
Daily change: +$0.32 (+8.95%)
Daily volume: 4.3M
3-month price change: +$0.7 (+22.13%)
Capitalization: $537.9M
Industry: Biotechnology
Mereo BioPharma Group (MREO, $3.84) gained +2 and reached a new high over the last three months. By comparison, the broader Biotechnology Industry returned 1 over the same period of time. A.I.dvisor analyzed 894 stocks in the Biotechnology Industry over the same period of time and found that of them (4) were in an Uptrend while of them (5) showed a Downtrend. A.I.dvisor found 317 similar cases when MREO's price went up within three months. In out of those 317 cases, MREO's price went down during the next month. Based on these historical data, A.I. thinks the odds of an Uptrend reversal for MREO are
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General Information

a company, which engages in therapeutics that aim to improve outcomes for patients with osteogenesis imperfecta, alpha-1 antitrypsin deficiency, hypogonadotropic hypogonadism in obese men, and acute exacerbations of chronic obstructive pulmonary disease

Industry Biotechnology

Profile
Fundamentals
Details
Industry
N/A
Address
One Cavendish Place
Phone
+44 3330237300
Employees
33
Web
https://www.mereobiopharma.com