Truist’s latest rating for VCEL stock

Vericel Corp’s recently made public that its Director ZERBE ROBERT L MD unloaded Company’s shares for reported $0.1 million on Jan 29. In the deal valued at $44.22 per share,2,300 shares were sold. As a result of this transaction, ZERBE ROBERT L MD now holds 23,395 shares worth roughly $1.04 million.

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Then, ZERBE ROBERT L MD sold 200 shares, generating $8,804 in total proceeds. Upon selling the shares at $44.02, the Director now owns 25,695 shares.

Before that, ZERBE ROBERT L MD sold 8,000 shares. Vericel Corp shares valued at $334,775 were divested by the Director at a price of $41.85 per share. As a result of the transaction, ZERBE ROBERT L MD now holds 25,895 shares, worth roughly $1.15 million.

Truist upgraded its Vericel Corp [VCEL] rating to a Buy from a a Hold in a research note published on , January 25, 2024; the price target was increased to $51 from $39.

Price Performance Review of VCEL

On Tuesday, Vericel Corp [NASDAQ:VCEL] saw its stock fall -0.67% to $44.26. Over the last five days, the stock has gained 4.76%. Vericel Corp shares have risen nearly 24.29% since the year began. Nevertheless, the stocks have risen 55.13% over the past one year. While a 52-week high of $44.59 was reached on 01/30/24, a 52-week low of $26.88 was recorded on 01/08/24. SMA at 50 days reached $36.72, while 200 days put it at $34.76. A total of 0.66 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For VCEL Stock

The 24-hour chart illustrates a support level at 43.83, which if violated will result in even more drops to 43.41. On the upside, there is a resistance level at 44.66. A further resistance level may holdings at 45.06. The Relative Strength Index (RSI) on the 14-day chart is 69.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.24, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.23%. Stochastics %K at 93.65% indicates the stock is a selling.

How much short interest is there in Vericel Corp?

A steep rise in short interest was recorded in Vericel Corp stocks on Jan 11, 2024, dropping by -3.47 million shares to a total of 2.41 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 5.88 million shares. There was a decline of -143.98%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.25.

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